HP HP10BII Using

ANNUITIES–ORDINARY,DUE,FUTUREVALUE,PRESENTVALUE
ColinCSmith2010
5
*seegettingstarted

9. SimpleFutureValueofanOrdinaryAnnuity(FVA)


AssumeyouputR1,000intoasavingsaccountatthe
endofeveryyearfor10yearsat9.5%interest
compoundedannually.Howmuchwillyouhavein
theaccountafter10years?

 
HP10BIIfinancialcalculator
KEYS DISPLAY
*MustnotdisplayBEGIN
CALL 0.00
1 P/YR 1.00
1,000+/‐PMT
‐1,000.00
9.5I/YR 9.50
10N 10.00
0PV
0.00
FV 15,560.29




10. SimpleFutureValueofanAnnuityDue(FVA
due
)


AssumeyouputR1,000intoasavingsaccountatthe
beginningofeveryyearfor10yearsat9.5%interest
compoundedannually.Howmuchwillyouhavein
theaccountafter10years?

 
HP10BIIfinancialcalculator
KEYS DISPLAY
*MustdisplayBEGIN
CALL 0.00
BEG/END
BEGIN0.00
1 P/YR 1.00
1,000+/‐PMT
‐1,000.00
9.5I/YR 9.50
10N 10.00
0PV
0.00
FV 17,038.52




11. PresentValueofanAnnuityDue(PVA
due
)


Anoverseasbenefactorhasofferedtosponsornew
CareCentreforAidsOrphansinCapeTownandthey
havepledgedtoprovidetheequivalentofR25,000
permonthforthenextfouryearspaymentsstarting
immediately.Thebenefactorwillmakeasingle
investmentlumpsuminvestmentintoabank
accountpaying9.5%interest.Howlargewillthis
initialinvestmentbe?

 
HP10BIIfinancialcalculator
KEYS DISPLAY
*MustdisplayBEGIN
CALL 0.00
BEG/END
BEGIN0.00
1 P/YR 1.00
25,000+/‐PMT
‐25,000.00
9.5÷12I/YR 0.79
4x12N 48.00
0FV
0.00
PV 1,002,976.54






HP HP10BII Specifications

General

Brand	HP
Model	HP10BII
Category	Calculator
Language	English