HP 10bII - Page 62

62 5: Time Value of Money Calculations
Example: An Annuity Account. <RXRSWIRUDQHDUO\UHWLUHPHQWDIWHUD
VXFFHVVIXOEXVLQHVVFDUHHU<RXKDYHDFFXPXODWHGDVDYLQJVRI
WKDWHDUQVDQDYHUDJHRIDQQXDOLQWHUHVWFRPSRXQGHGPRQWKO\:KDW
DQQXLW\UHSHWLWLYHXQLIRUPZLWKGUDZDORIIXQGVZLOO\RXUHFHLYHDWWKH
EHJLQQLQJRIHDFKPRQWKLI\RXZLVKWKDWVDYLQJVDFFRXQWWRVXSSRUW\RX
IRUWKHQH[W\HDUV"
6HWWR%HJLQPRGH3UHVV
*O LIDQQXQFLDWRULVQRWGLVSOD\HG
Keys: Display: Description:
*b
24.00
6HWVQXPEHURISHULRGV
SHU\HDU
(
–2,000.00
6WRUHVLQLWLDOGHSRVLW
(2
–80.00
6WRUHVUHJXODU
VHPLPRQWKO\GHSRVLWV
.
6.30
6WRUHVLQWHUHVWUDWH
*U
360.00
6WRUHVQXPEHURI
GHSRVLWV
/
52,975.60
&DOFXODWHVEDODQFH
12
I/YR = 7%
N = 600 (50
× 12)
P/YR=12
PMT=?
FV=0
PV = -400,000.00
Begin Mode
599 600
...
ook Page 62 Wednesday, June 21, 2000 5:19 PM