HP 10bII - Savings; Saving for College Costs

108 8: Additional Examples
Savings
Saving for College Costs
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RXWIORZV$QH[DPSOHRIWKLVLVVDYLQJPRQH\IRUFROOHJH7RGHWHUPLQH
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LQYHVW\RXUGHSRVLWV
Example. <RXUROGHVWGDXJKWHUZLOODWWHQGFROOHJHLQ\HDUVDQG\RX
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DWWKHHQGRIWKHFXUUHQWPRQWK7KHGHSRVLWVFHDVHZKHQVKHEHJLQV
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QHHGZKHQVKHVWDUWVFROOHJH6WDUWZLWKDQLQWHUHVWUDWHFRQYHUVLRQ
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Keys: Display: Description:
6HWWR%HJLQPRGH3UHVV *O LIBEGINDQQXQFLDWRULVQRWGLVSOD\HG
*
9.00
6WRUHVDQQXDOQRPLQDO
UDWH
*b
12.00
6WRUHVQXPEHURI
FRPSRXQGLQJSHULRGV
XVHGZLWKWKLVQRPLQDO
UDWH
*Z
9.38
&DOFXODWHVDQQXDO
HIIHFWLYHUDWH
Year 1
Year 2 Year 3 Year 4
$15,000 I/YR = 9%
.book Page 108 Wednesday, June 21, 2000 5:19 PM