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Press menu – 8 – 1 to reach the app. In the app you fill in the relevant boxes and then place the cursor
in the box which you want to calculate.
Remember to go to the next box by using “tab”. Also remember that FV and PV always will have
opposite signs (one is a negative value), which is important if you must enter both.
Below is a list of different types of questions on this topic, and which boxes you must use. Remember
that all boxes except the one you are asked to find must be given a value.
1. Compound interest
N Number of years
I Interest rate
PV Present value (most often zero)
FV Future value
CpY Compounding periods per year
1 if “yearly”, 2 if “half-yearly”, 4 if “quarterly”, 12 if “monthly”
2. Annuities
A payment (deposit or withdrawal) is done in regular periods.
(b) Regular withdrawals from an account with a (large) starting sum which in the end is
zero.
N Number of payment periods (e.g. months)
I Interest rate per payment period (if r is rate per annum then r/12)
PV Present value (the starting sum)
Pmt Payment (amount to withdraw each period)
FV Future value (most often zero)
3. Amortization
When a loan is paid back in equal, regular payments, during a time period. Every payment
is both amortization and interest.