EXPONENTIAL FUNCTIONS Compound Interest (Page 2 of 5)

Enter the left side of the equation. The 0= is already provided.

 ALPHA A key. Minus key. ALPHA P key. Left parenthesis key. 1 Plus key. ALPHA R key. Divide key.
 ALPHA N key. Right parenthesis key. Caret key. Left parenthesis key. ALPHA N key. Multiply key. ALPHA T key.
 Right parenthesis key. ENTER key.		 Calculator screen image. Calculator screen image.

Now you are ready to enter values for all but one variable (don't worry if the initial values on your screen are different than those shown). Suppose we invest $500 at 6% compounded monthly for 3 years. Enter P=500, R=0.06, N=12 and T=3.

 Down arrow key. 500 ENTER key. 0.06 ENTER key. 12 ENTER key. 3 Calculator screen image.
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