Monroe 3180 用户指南
MONROE TRADER II
33
COMPOUND INTEREST/ANNUITY FUNCTIONS
The compound interest functions provide present value, future value, N (Number of Periods) and payment
calculations. In all cases the annual interest rate is entered on the COUPON key and the number of
compounding periods is entered on the COUPONS PER YEAR key. The Security Code and other status
modes in the display have no meaning for the Compound Interest/Annuity functions.
FUTURE VALUE CALCULATION
What is the balance of a saving account, paying 6% annually – compounded monthly, at the end of 6
months. There is an initial balance of $1,000.00 in the account.
months. There is an initial balance of $1,000.00 in the account.
ENTER PRESS RESULTS
DISPLAYED
6
COUPON
Coupon
Rate
6.000%
12
COUPONS
Coupons/Year
12.
PER
YEAR
6
N
Number of Periods
6.
50
PAYMENT
Payment Amount 50.00