HP 10bII+ - Page 162

Additional Examples154
N
1
= 82
CF
2
= 861.59
N
2
= 180 - 82 = 98
Net Future Value
The net future value can be calculated by using the TVM keys to slide the net present value
(NPV) forward on the cash flow diagram.
Example: Value of a Fund
You have made the following deposits over the past two years into a money market fund
earning 8.8%. What is the current balance of the account?
Figure 23 Cash flow diagram
Table 13-26 Calculating the annual return
Keys Display Description
DV:::y¤
CF0
-35,000.00
Enters 35,000 for loan amount.
vÌyAjVY
¤
CF1
107.59
Enters net payment for first 82
months.
gG\¥
n1
82.00
Enters number of times payment
occurs.
vÌy¤
CF2
8 61.59
Enters net payment for next 98
months.
Jg:AgG\
¥
n2
98.00
Enters number of times payment
occurs.
\Á
10.16 Calculates annual return.