Hewlett-Packard F1902-90001 Manual

A SERVICE OF

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98 8: Additional Examples

Loans and Mortgages

Simple Annual Interest

Example. <RXUJRRGIULHQGQHHGVDORDQWRVWDUWKLVODWHVWHQWHUSULVHDQG

KDVDVNHG\RXWROHQGKLPIRUGD\V<RXOHQGKLPWKHPRQH\DW

VLPSOHDQQXDOLQWHUHVWWREHFDOFXODWHGRQDGD\EDVLV+RZ

PXFKLQWHUHVWZLOOKHRZH\RXLQGD\VDQGZKDWLVWKHWRWDODPRXQW

RZHG"

7KLVHTXDWLRQLVXVHGIRUFDOFXODWLQJVLPSOHDQQXDOLQWHUHVWXVLQJD

GD\\HDU

,17(5(67

Continuous Compounding

7KHHTXDWLRQIRUFDOFXODWLQJDQHIIHFWLYHUDWHIRUFRQWLQXRXV

FRPSRXQGLQJLV

7RVROYHDFRQWLQXRXVFRPSRXQGLQJSUREOHPFRPSOHWHWKHVHVWHSV

 &RPSXWHWKHDQQXDOHIIHFWLYHUDWHXVLQJWKHDERYHHTXDWLRQ

 (LWKHUXVHWKLVHIIHFWLYHUDWHLQ\RXUFDOFXODWLRQVZLWKDQDQQXDO

SHULRG3<5 RUFRQYHUWWKLVUDWHVRWKDWLWDSSOLHVWR\RXU

SD\PHQWSHULRG,QWKHIROORZLQJH[DPSOH3<5 VR\RXKDYH

WRFDOFXODWHDQHZ120 XVLQJWKHLQWHUHVWUDWHFRQYHUVLRQ

DSSOLFDWLRQZLWK3<5 HTXDOWR

Keys: Display: Description:

0.10

6WRUHVLQWHUHVW

7.40

&DOFXODWHVLQWHUHVWRZHG

457.40

&DOFXODWHVWRWDORZHG

/2$1$02817 ,17(5(67

×

7(502)/2$1,1'$<6

×

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10B.book Page 98 Wednesday, June 21, 2000 5:19 PM