Calculator You may use a scientific calculator to aid

Calculator You may use a scientific calculator to aid
Calculator
You may use a scientific calculator to aid computation on the Peirce College placement test. You may
not utilize websites to solve problems. Many smart phones have a scientific calculator built into them,
usually turn sideways (landscape) and be sure the lock feature is unlocked and it will switch from a basic
calculator to a scientific view. Any computer with Windows installed has the Windows calculator.
Locate this on the program list under “Accessories” or “Windows Accessories”. A free version of this is
available if you have another system with no calculator, check for compatibility and download if desired
(https://www.microsoft.com/en-us/store/p/windows-calculator/9wzdncrfhvn5). The Windows calculator
has a “View” option across the top, select this and select Scientific to be sure you have parentheses,
exponents, and roots available.
Here is an example computation using the Windows calculator. You may click keys or use your
keyboard, click cursor into the calculator display to get started with a computation. This shows the
exponent key being used to raise a value to the 8th power. Maturity value = Principal times (1 + periodic
rate)^total number of periods M =P(1+i)^n where I and n have already been adjusted for the frequency
of compounding (semiannual, quarterly, monthly, daily, etc.).
Now press equals to see the answer:
Round to hundredths place: The maturity value is $749.86
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