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I am having difficulty with the keys I am I'm unsure what keys to practice on the calculator to enter a prop for example 5000(1+.005/12).055

Guest Mar 20, 2017
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Its hard to explain something like this, but you might have to do each value individually, starting with PEMDAS's rules. Bit by bit enter it in the calculator and finnaly combine the values.

Veteran  Mar 20, 2017
 #2
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I am having difficulty with the keys I am I'm unsure what keys to practice on the calculator to enter a prop for example 5000(1+.005/12).055

 

FV = 5,000 x [1 + 0.05/12]^12 

FV = 5,000 x        1.0511619.....

FV = $5,255.81 - This is FV of your $5,000 @ 5% comp. monthly for 1 year.

 

FV = 5,000 x [1 + 0.05/12]^(5*12)

FV = 5,000 x          1.283358678.....

FV = $6,416.79 - This is FV of your $5,000 @ 5% comp.monthly for 5 years.

Guest Mar 20, 2017

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