Keys, Display, Description – HP 10B User Manual
Page 64: Example: an annuity account, Keys: 1211, Display: 12.00
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80
ши
8.3
15 lIxP/YRl
-80.00
Stores regular semi
monthly deposits.
8.30
Stores interest rate.
360.00
Stores number of
deposits.
63.963.84
Calculates balance.
Example: An Annuity Account.
You opt Гог an early retirement
after a successful business career. You have accumulated a savings of
$400,000 that earns an average of 10% annual interest, compounded
monthly. What annuity (repetitive, uniform, withdrawal of funds) will you
receive at the beginning of each month if you wish that savings account to
support you for the next 50 years?
PMT « ?
pv = . 400,000.00
Begin Mode
Set to Begin mode. Press |
шлш
Keys:
1211
400000 E3 (py)
10
[ШВ
Display:
12.00
-400,000.00
10.00
if annunciator is not displayed.
Description:
Sets payments per year.
Stores your nest egg as
an outgoing deposit.
Stores annual interest
rate you expect to earn.
5: 'Лтв Vatue of Mono, Catculations 61