HP 10bII - Page 56

56 5: Time Value of Money Calculations
Part 2. $WDSULFHRIZKDWLQWHUHVWUDWHLVQHFHVVDU\WRORZHU\RXU
SD\PHQWE\WR"
Part 3. ,ILQWHUHVWLVZKDWLVWKHPD[LPXP\RXFDQVSHQGRQWKH
FDUWRORZHU\RXUFDUSD\PHQWWR"
Keys: Display: Description:
*b
12.00
6HWVSHULRGVSHU\HDU
"P
36.00
6WRUHVQXPEHURI
SHULRGVLQORDQ
.
10.50
6WRUHVDQQXDOQRPLQDO
LQWHUHVWUDWH


13,000.00
6WRUHVDPRXQW
ERUURZHG
/
0.00
6WRUHVWKHDPRXQWOHIW
WRSD\DIWHU\HDUV
2
–422.53
&DOFXODWHVWKHPRQWKO\
SD\PHQW7KHQHJDWLYH
VLJQLQGLFDWHVPRQH\
SDLGRXW
2
–372.53
'HFUHDVHVSD\PHQW
IURP
.
2.03
&DOFXODWHVDQQXDO
LQWHUHVWUDWHIRUWKH
UHGXFHGSD\PHQW
.
10.50
6WRUHVRULJLQDOLQWHUHVW
UDWH
(2
–375.00
6WRUHVGHVLUHG
SD\PHQW

11,537.59
&DOFXODWHVDPRXQWRI
PRQH\WRILQDQFH

13,037.59
$GGVWKHGRZQSD\
PHQWWRWKHDPRXQW
ILQDQFHGIRUWRWDOSULFH
RIWKHFDU
10B.book Page 56 Wednesday, June 21, 2000 5:19 PM