Casio FX-9750G, FX-9860GII sign, BAL, BAL, PRN, BAL, ,17, PRN, 100 ⋅ [C/Y ], b : PRNPM1 =307 + BALPM1–1 σ, a : ,17PM1 = I BALPM1–1 σ i I σ (307 sign), BAL, INT, PRN

a : ,17PM1 = I BALPM1–1σ i I σ (307 sign)

b : PRNPM1 =307 + BALPM1–1σ i

c : BALPM2 = BALPM2–1 + PRNPM2

PM2

d : 3 PRN = PRNPM1 + PRNPM1+1 + … + PRNPM2

PM1

PM2

e : 3 ,17=,17PM1 +,17PM1+1 + … + ,17PM2

PM1

BAL0 = PV (,171 = 0 and PRN1 = 307 at beginning of installment term)

SConverting between the nominal interest rate and effective interest rate

The nominal interest rate (I% value input by user) is converted to an effective interest rate (I%' ) for installment loans where the number of installments per year is different from the number of compound interest calculation periods.

	I%		[C/Y ]
			[P/Y ]
I%' ={(1+		) –1}⋅ 100
	100 ⋅ [C/Y ]

The following calculation is performed after conversion from the nominal interest rate to the effective interest rate, and the result is used for all subsequent calculations.

i= I%' ⎟100

Press (AMT) from the Financial 1 screen to display the following input screen for amortization.

(AMT)

PM1.......	first installment of installments 1 through n
PM2.......	second installment of installments 1 through n

n........... installments

I% ........ interest rate

PV ........ principal

307..... payment for each installment

FV ........ balance following final installment

P/Y ....... installments per year

C/Y ....... compoundings per year

After configuring the parameters, use one of the function menus noted below to perform the corresponding calculation.

•{BAL} … {balance of principal after installment PM2}

•{INT} … {interest portion of installment PM1}

•{PRN} … {principal portion of installment PM1}

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