HP 10bII - Page 109

When
compounding
occurs
only
once
per
year,
the
effective
rate
and
the
nominal
rate
are
the
same.
@®
9.38
Stores
effective
rate
as
annual
rate.
Set
to
Begin
mode.
Press
СЄ
if
BEGIN
annunciator
is
not
displayed.
Oen 1.00 Sets 1 payment per
year.
(6010/0211 15,000.00 Stores annual
withdrawal.
[63/0] 4.00 Stores number of
withdrawals.
Ow 0.00 Stores balance at end
of four years.
52,713.28 Calculates amount
required when your
daughter starts college.
Then use that PV as ће FV on the following cash flow diagram, and
calculate the PMT.
PMT =?
8: Additional Examples 109