ASetting Values

No.

Display

Name

Values Used

in Examples

 

 

 

 

 

 

 

1

Set*1Payment Period (Payment)

End

2

n

Number of Payments

48

 

 

 

 

3

I

Interest Rate

4%

 

 

 

 

4

PV

Present Value (Principal)–$1,000

 

 

 

 

5

PMTPayment Amount–$300

 

 

 

 

 

 

Future Value (Principal and

 

6

FV

Interest, or Final Payment$16,760

 

 

Amount)

 

 

 

 

 

7

P/YNumber of Annual Payments

12

(PMT)

 

 

 

 

 

 

 

8

C/Y*2Number of Annual

12

Compoundings

 

 

 

 

 

 

 

*1 • For information about specifying the payment period, see the “Payment” item under “Configuring Settings” on page E-16.

In the case of compound interest calculations, you can also use the compound interest mode (dn) setting on the setup screen for interest calculations of odd (partial) months. See the explanation of the compound interest

mode (dn) setting (page E-16) for more information. *2 Specify 2 for semiannual compound interest, or 12 for

monthly compound interest.

Note

After specifying the 1 Payment Period (Payment) and inputting values for 7 Number of Annual Payments (P/Y) and 8Number of Annual Compoundings, you can calculate any one of the following by inputting values for the other four: Number of Payments, Interest Rate, Principal, Payment Amount, Future Value (principal and interest, or final payment amount).

Input money paid out as a negative value, using the y key to input the minus sign.

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