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F: RPN: Selected Examples 281
File name : English-M02-1-040308(Print).doc Print data : 2004/3/9
after-tax future value of the account? Assume only the interest will be
taxed (the principal was taxed before deposit). 5) What is the
purchasing power of that amount, in today’s dollars, assuming an 8%
annual inflation rate
?
Keys: Display: Description:
1
e
Sets 1 payment per year
and Begin mode.
35 Stores number of payment
periods until retirement (1
x 35).
8.175 Stores dividend rate.
0 Present value of account
(before first payment).
2000
&
Annual payment (deposit).
Calculates amount in
account at retirement.
R
R
*
Calculates total amount
paid into IRA by
retirement.
R
+
Calculates interest you will
earn.
15
%
Taxes at 15% of interest.
&R
+
Subtracts taxes from total
FV to calculate after-tax
FV.
Stores after-tax future
value in FV.