Problem: you deposit 10000 and keep it there for 5 years. It pays 8% annual interest compounded continuously. Calculate the future value at the end of 5 years.
Hi, perhaps this pdf helps:
http://education.ti.com/downloads/guidebooks/graphing/83p/83m$book-eng.pdf page 442,
Ronald
SOURCE: How do I calculate compound interest?
Hello,
You enter that as follows
3500[x] (1.064)[Y to the x]3.5 [=] . Note that [x] is the multiplication sign.
Hope it helps.
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e^x is the 2nd function of the LN key, second from the right on the top row of the keyboard.
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