Section 3: Basic Financial Functions 55Keystrokes(ALG mode) Display4000} –22.73 Calculates final, fractional, 58thdeposit required to reach $4,000.Calculating the Periodic and Annual Interest Rates1. Press fCLEARG to clear the financial registers.2. Enter the number of payments or periods, using n or gA.3. Enter at least two of the following values:z Present value, using $.z Payment amount, using P.z Future value, using M.Note: Remember to observe thecash flow sign convention.4. If a PMT was entered, press g× or g to set the payment mode.5. Press ¼ to calculate the periodic interest rate.6. To calculate the annual interest rate in RPN mode, key in the number ofperiods per year, then press §. To calculate the annual interest rate in ALGmode, press §, key in the number of periods per year, then press }.Example: What annual interest rate must be obtained to accumulate $10,000 in8 years on an investment of $6,000 with quarterly compounding?Keystrokes(RPN mode) DisplayfCLEARG8\4§w 32.00 Calculates and stores n.6000Þ$ –6,000.00 Stores PV (with minus sign for cashpaid out).10000M 10,000.00 Stores FV.
