HP 10bII+ User Manual

Additional Examples
151
account be? Assume that only the interest is taxed (assume the principal was taxed before
deposit). What is the purchasing power of that amount, in today’s dollars, assuming a 4%
inflation rate?
Set to Begin mode. Press \¯ if BEGIN annunciator is not displayed.
Value of a Taxable Retirement Account
This problem uses the TVM application to calculate the future value of a taxable retirement
account that receives regular, annual payments beginning today (Begin mode). The annual
tax on the interest is paid out of the account. (Assume the deposits have been taxed already.)
Table 13-23 Calculating the purchasing power of the amount
Keys Display Description
J\Í
1.00 Sets 1 payment per year.
DVÙ
35.00 Stores number of periods and
interest rate.
g7JjVÒ
8.18
:Ï
0.00 Stores amount you start with.
G:::yÌ
-2,000.00 Stores amount of annual
payment.
É
387,640.45 Calculates amount in account at
retirement.
vÌPvÙ4
-70,000.00 Calculates amount you have
paid into account by retirement.
1vÉ4
317,640.45 Calculates interest account has
earned by retirement.
PJV§4
47,646.07 Calculates taxes at 15% of
interest.
y1vÉ4
339,994.39 Calculates after-tax FV.
É
339,994.39 Stores after-tax future value in
FV.
YÒ:ÌÏ
-86,159.84 Calculates the present value
purchasing power of after-tax
FV, assuming a 4% inflation
rate.

HP 10bII+ Specifications

General

Memory registers	22
Keyboard type	Numeric
Battery type	CR2032
Auto power off	Yes
Battery technology	Lithium
Number of batteries supported	2
Type	Financial
Form factor	Pocket
Product color	Black
Digits	- digits
Display tilting	No
Display size (HxV)	63.5 x 16 mm
Display number of lines	1 lines
Display number of characters	12

Weight and Dimensions

Weight	85 g
Dimensions (WxDxH)	80.9 x 14 x 145 mm