HP (Hewlett-Packard) 17bII Calculator User Manual


 
280 F: RPN: Selected Examples
File name : English-M02-1-040308(Print).doc Print data : 2004/3/9
0
I
11
I
 Stores cash flows of zero
for the next 11 months.
15000
II
 Stores third withdrawal,
for junior year.
0
I
11
I

Stores cash flows of zero
for the next 11 months.
15000
II
 Stores fourth withdrawal,
for senior year.
e
  


Done enterin
g
cash flows;
gets CALC menu.
Step 2: Calculate NUS for the monthly deposit. Then calculate net
present value.
Keys: Display: Description:
9
E
12
/

Figures the periodic
(monthly) interest rate and
stores it in I%.

A
mount of monthly deposit
needed to meet planned
withdrawals.
 Calculates the net present
value of the monthly
deposits, which is the
same as the NPV of the
four future withdrawals.
Example: Tax-Free Account. Consider opening an IRA account with a
dividend rate of 8.175%. 1) If you invest $2,000 at the beginning of
each year for 35 years, how much will you have at retirement
? 2) How
much will you have paid into the IRA
? 3) How much interest will you
have earned
? 4) If your post-retirement tax rate is 15%, what is the