(12C) Future Value Interest Factor
06-17-2019, 12:53 PM (This post was last modified: 06-17-2019 01:39 PM by Gamo.)
Post: #1
 Gamo Senior Member Posts: 622 Joined: Dec 2016
(12C) Future Value Interest Factor
FVIF is a factor which can be used to calculate the future value
of a series of annuities. The FVIF calculation formula is as following.

This formula was adapted from the program example in Casio CF-200 manual.

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Procedure:

For each new problem f [FIN] f [PRGM]

Interest Rate [R/S] display Interest
Terms (Year) [R/S] display FVIF answer

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Example:

You buy a 6 year, 8% CD for $1,000. Interest is compounded annually. How much is it worth maturity? f [FIN] f [PRGM] FIX 2 8 [R/S] display 8.00 6 [R/S] display 1.59 1000 [x] display 1586.87 Answer: Future Value =$1,587

This can be solve quickly using TVM
6 [n] 8 [i] 1000 [CHS] [FV] display 1586.87

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Program:
Code:
 01 [i] 02 R/S 03 [n] 04  1 05 CHS 06 [PV] 07 [FV] 08 GTO 02

FVIF table:

Gamo
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