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Suppose that for 2 months you decide not to make a periodic deposit.
What is the balance in the account?
This type of procedure may be continued for any length of time, and may
be modified to meet the user's particular needs.
Savings Account Compounded Daily
This HP 12C program determines the value of a savings account when
interest is compounded daily, based on a 365 day year. The user is able to
Keystrokes Display
65
3
1,431.95 Account balance.
Keystrokes Display
2
0
1,455.11 Account balance.
= ?
-65 -65 -65
123
FV
=
PV
-1219.22
12
= ?
FV
=
PV
-1431.95