HP HP-11C

Section 10: Applications Programs 187
Possible Solutions Using
Annuities and Compound Amounts
(Interest is given)
Allowable Applications
Combination Initial
of Ordinary Annuity Procedure
Variables Annuity Due
n, PV, PMT, Directreduc- Leases Use
(input any two tion loan (fJCLEAR
and calculate Discounted or set FV to zero
the third). notes
Mortgages
n, PV, PMT, Fv Directreduc- Lease with None
(input any three| tion loan with residual values
and calculate balloon
the fourth). Discounted
notes with
balloon
n, PMT, FV Sinking fund Periodic Use
(input any two savings, (fJCLEAR
and calculate Insurance or set FV to zero
the third).
n, PV, FV Compound amount Use
(input any two Savings (fJCLEAR
and calculate (Annuity mode is not applicable or set PMT to zero
the third). and has no effect)
Equations:
PMT . .
—PV = - Al-Q+D)M]+FVYA +i)™
i
where 1 ordinary annuity
(1 +1) annuity due
Note:
e Problems with an interest rate of 0 will result in Error O.
e Problems with extremely high (10°) or low values (107%) for n or
i may give invalid results.