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The cash flow diagram looks like this:
Now suppose that at the beginning of the 6th month you withdrew $80.
What is the new balance?
You increase your monthly deposit to $65. How much will you have in 3
months?
The cash flow diagram looks like this:
Keystrokes Display
CLEAR
50
5.5
1023.25
5
1,299.22 Amount in account.
Keystrokes Display
80
1,219.22 New balance.
= ?
-50
12 345
-50 -50 -50 -50
FV
= - 1023.25
PV