Calculated Industries 3442 - Manual (Page 54)

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Retirement Annuity
What is the future value of an intial deposit of $87,000 after 15
years, if an additional $250 is deposited monthly, the interest rate is
5%, compounded at the beginning of each month?
STEPS KEYSTROKES DISPLAY
Clear calculator o o 0.00
Enter present value 8 7 ) l 87,000.00
Enter payment 2 5 0 p * 250.00
Enter term 1 5 T 15.00
Enter interest rate 5 I 5.00
Find the Investment FV s + 250,992.90
Note: If calculating annual lump-sum payments, you must set your payment per year to one
(e.g.
1 s ÷ ). To change back to compound monthly, press 1 2 s ÷ .
Begin/End Interest Mode
The new begin/end preference setting allows you to set the interest
to compound at the beginning or end (default) of the period. See
Preference Settings.
Below is an example of using beginning mode in conjunction with
the future value function to get the same results as the investment
future value function in the previous retirement annuity calculation.
STEPS KEYSTROKES DISPLAY
Clear calculator o o 0.00
Go to begin/end preference s = ( press = 7 more times) End
Set to beginning mode + bE9
Set to 1 pmt/yr 1 s ÷ 1.00
Enter present value 8 7 ) l 87,000.00
Enter payment 1 5 ) s _ p * -15,000.00
Enter term 1 5 T 15.00
Enter interest rate 5 I 5.00
Find the Investment FV s l 520,729.13
Return to 12 pmt/yr 1 2 s / 12.00
Go to begin/end preference s = ( press = 7 more times) bE9
Set to end mode + End
*When using the future value function, you must enter payments as a negative value. When
using the new investment future value function, payments are entered as a positive value.