Sharp EL-120 Manuel d'utilisateur télécharger pdf (Page 21)

3.3. ANNUITIES

• Determine the future value of R400 monthly payments made for ﬁve years at 16%

interest per year, compounded monthly.

S = 400s

5×12 0,16÷12

= 36 414,21

The future value is R36 414,21.

Key in as

2ndF CA

2ndF P/Y 12 ENT

ON/C

+/− 400 PMT

2ndF ×P/Y N

I/Y

COMP FV

The answer is 36 414,21.

3.3.3 Amortisation

• Draw up an amortisation schedule for a loan of R5 000 which is repaid in annual

payments over ﬁve years at an interest rate of 15% per year.

P = Ra

n i

5 000 = Ra

5 0,15

R = 1 491,58

Key in as

2ndF CA

2ndF P/Y 1 ENT

ON/C

+/− 5 000 PV

2ndF ×P/Y N

I/Y

COMP PMT

1 2 ... 16 17 18 19 20 21 22 23 24 25 26 27 28

Pas de commentaire

Sharp EL-120 Manuel d'utilisateur Page 21