Compound Interest Calculator

Compound Interest Calculator

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Question

How much will $1,250 become after 7 years at 10% per year, compounded annually?

Answers

Explanations

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A. B. C. D. E.

C

On the BAII Plus, press 7 N, 10 I/Y, 1250 PV, 0 PMT, CPT FV. On the HP12C, press 7 n, 10 i, 1250 PV, 0 PMT, FV. Note that the answer will be displayed as a negative number. Make sure the BAII Plus has the P/Y value set to 1.