Lesson 9

Getting Started (Introduction to Financial, continued)

When you first open the Financial application you will see a list of financial calculation types. We will work with simple interest, compound interest and amortization during the lesson.

Part I

In this part, we will learn how to input data into a financial application and experiment with simple interest.

1. Using Help in Financial

2. Changing the Days in a Year Mode

3. Calculating Interest on Money Invested

Part I


Practice Exercises

Before beginning the practice exercises, open a word document, type in the following information and then save it as Lesson9 in your CASIO folder within My Documents:

  • Date: (enter today's date)
  • To: (put your instructor's name here)
  • From: (put your name here)
  • Re: Lesson 9
  1. Please open the Financial application and select Edit/Clear All.
  2. Select Simple Interest from the main menu.
  3. How much money could you earn if you invested $5000 at 5.5% for 5 years?
  4. Change the days in a year to 365 (look in the status bar).
  5. In the Days field, input 5*365.
  6. In the I% field, input 5.5%.
  7. In the PV field, input 5000.
  8. Calculate the simple interest earned (SI).
  9. Calculate the simple future value (SFV).
  10. Get a screen capture and paste it into your Lesson9 document (under a title of PART I).
  11. How much money could you earn if you invested $5000 at 5.5% for 10 years instead of 5 years?
  12. Change the Days field to 10*365 and recalculate SI and SFV.
  13. Get a screen capture. Add two blank spaces following the first screen capture and then paste this one.
  14. How much money could you earn if you invested $5000 at 5.5% for 50 years?
  15. Get a screen capture with the amount of money you would earn by investing $5000 for 50 years at 5.5% interest. Add two blank spaces following the second screen capture and then paste this one.
  16. Investing when you are young does pay off!