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(12C) Future Value Interest Factor
06-17-2019, 12:53 PM (This post was last modified: 06-17-2019 01:39 PM by Gamo.)
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(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.




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

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



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



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

FVIF table:


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