HP 17bII+ Financial Calculator Bedienungsanleitung PDF herunterladen (Seite 72)

72 5: Time Value of Money

File name : English-M02-1-040308(Print).doc Print data : 2004/3/9

Keys: Display: Description:

   Displays TVM menu.

    Clears history stack and

TVM variables.



1 



 

Sets one compounding

per./yr. (one interest

pmt./yr.). Payment mode

does not matter.

7.2   Stores annual interest rate.

2000

  Stores amount of deposit.

3000   Stores future account

balance in FV.





Calculates number of

compounding periods

(years) for the account to

reach $3,000.

There is no conventional way to interpret results based on a non-integer

value (5.83) of N. Since the calculated value of N is between 5 and 6,

it will take 6 years of annual compounding to achieve a balance of at

least $3,000. The actual balance at the end of 6 years can be

calculated as follows:

6   Stores a whole number of

years in N.

  Calculates account balance

after six years.

Example: An Individual Retirement Account (IRA). You opened an IRA

on April 15, 2003, with a deposit of $2,000. Thereafter, you deposit

$80.00 into the account at the end of each half-month. The account

pays 8.3% annual interest, compounded semimonthly. How much

money will the account contain on April 15, 2018?

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HP 17bII+ Financial Calculator Bedienungsanleitung Seite 72