A Setting Values

Values Used

No. Display

Name

in Examples

1 Set*

1

Payment Period (Payment)

End

Number of Compound

2

n

48

Periods

3 I

Interest Rate

4%

4 PV

Present Value (Principal)

 $1,000

5 PMT

Payment Amount

 $300

Future Value (Principal and

6 FV

Interest, or Final Payment

$16,760

Amount)

Number of Annual Payments

7 P/Y

12

(PMT)

8 C/Y*

2

Number 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 8 Number of Annual Compoundings, you can

calculate any one of the following by inputting values for

the other four: Number of Compound Periods, 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.

E 45