A Basic CMPD Mode Procedure

Example 1: To calculate the future value (FV) of an

investment vehicle that pays an annual interest rate of

4%, when the initial deposit is $1,000 and additional

deposits of $300 are made each month

1. Input the required values from the Setting Values table

(page E 45).

  For this example, use

fc to select 1  Set: ,

and then press E.

  Press 2 to select  End .

  Use fc to select 2

n

 , input 48, and then

press E.

  Use fc to select 3  I , input 4, and then press

E.

  Use fc to select 4  PV , input  1000, and then

press E.

  Use fc to select 5  PMT , input  300, and then

press E.

  Use fc to select 7  P/Y , input 12, and then press

E.

  Use fc to select 8  C/Y , input 12, and then press

E.

Input Precautions

  Before specifying the number of months when there

is a partial month, see  Calculating the Number of

Months when a Partial Month is Included  (page

E 47).

  Input money paid out as a negative value, using the

y key to input the minus sign.

2. Select the value you want to calculate.

  For this example, use

fc to select  FV .

E 46