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282 F: RPN: Selected Examples
File name : 17BII-Plus-Manual-E-PRINT-030709 Print data : 2003/7/11
8
U
0
W
V
"
5O8/$$K,,.&%'"
Calculates present-value
purchasing power of the
above after-tax FV at 8%
inflation rate.
Example: Taxable Retirement Account. If you invest $3,000 each year
for 35 years, with dividends taxed as ordinary income, how much will
you have in the account at retirement? Assume an annual dividend rate
of 8.175% and a tax rate of 28%, and that payments begin today.
What will be the purchasing power of that amount in today’s dollars,
assuming 8% annual inflation?
Keys: Display: Description:
"
]
" Displays TVM menu.
.
1
Y
Z
e
"
# 5?@2 JH=;<"
0EAH"
Sets 1 payment per year
and Begin mode.
35
T
<8%.&((" Stores years until
retirement.
8.175
E
28
%
-
"
.&*,"
Calculates interest rate
diminished by tax rate.
U
;6@28.&*," Stores interest rate.
0
V
5O8(&((" Stores no present value.
3000
&
W
50:8/%K(((&((" Stores annual payment.
X
GO8%+.K.(.&'#" Calculates future value.
8
U
0
W
V
"
5O8/$%K%'*&##"
Calculates present-value
purchasing power of the
above FV at 8% inflation.