HP 10bII - Page 59

5: Time Value of Money Calculations 59
Step 2. 6LQFHWKHSD\PHQWLVDWWKHHQGRIWKHPRQWKWKHSDVWSD\PHQW
DQGWKHEDOORRQSD\PHQWRFFXUDWWKHVDPHWLPH7KHILQDOSD\PHQWLVWKH
VXPRI307DQG)9
7KHYDOXHLQ307VKRXOGDOZD\VEHURXQGHGWRWZR
GHFLPDOSODFHVZKHQFDOFXODWLQJ)9RU39WRDYRLGVPDOO
DFFXPXODWLYHGLVFUHSDQFLHVEHWZHHQQRQURXQGHG
QXPEHUVDQGDFWXDOGROODUVDQGFHQWVSD\PHQWV,IWKH
GLVSOD\LVQRWVHWWRWZRGHFLPDOSODFHVSUHVV
* 
Keys: Display: Description:
*L2
–1,424.06
5RXQGVSD\PHQWWR
WZRGHFLPDOSODFHV
WKHQVWRUHV
P
48.00
6WRUHV\HDUWHUP
ïWKDW\RXH[SHFWWR
RZQKRXVH
/
–163,388.39
&DOFXODWHVORDQEDO
DQFHDIWHU\HDUV
2
–164,812.45
&DOFXODWHVWRWDO
WK

SD\PHQW307DQG
)9WRSD\RIIORDQ
PRQH\SDLGRXWLV
QHJDWLYH
1234
I/YR = 8.8%
N=4
× 12
P/YR=12
PMT = -1,424.06
PV = 172,500.00
FV=?
End Mode
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book Page 59 Wednesday, June 21, 2000 5:19 PM