(12C) Future Value Interest Factor

06172019, 12:53 PM
(This post was last modified: 06172019 01:39 PM by Gamo.)
Post: #1




(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 CF200 manual.  Procedure: For each new problem f [FIN] f [PRGM] Interest Rate [R/S] display Interest Terms (Year) [R/S] display FVIF answer  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  Program: Code:
FVIF table: Gamo 

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