Casio FC-200V User Guide - Page 49
PV, and Payment Amount PMT
UPC - 079767167004
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3. Press l to perform the calculation. A Calculating the Number of Payments (n), Interest Rate (I%), Present Value (Principal: PV), and Payment Amount (PMT) • Use the same procedure as shown under "Example 1" (page E-46), substituting the required values. A Calculating the Number of Months when a Partial Month is Included The following example shows how to calculate the number of months (number of days/total days in the month) for the number of payments (n) when a partial month is include. Example 1: When the payment period is 16 months and 20 days • When P/Y=12, n can be thought of as being the payment period (number of months). 1. Use fc to select "n". 2. Input the division operation that divides the number of days in the partial month (20 in this example) by the total number of days in the month. • This example assumes that there are 30 days in the month. 3. Add the number of full months (16 in this example). 4. Press E. Note • When n includes a fractional part (odd period), the calculator always assumes the odd period occurs before the first full payment period. E-47 E