HP 10BII User Manual page 61

6LQFH WKH FDOFXODWHG YDOXH RI 1 LV EHWZHHQ  DQG  LW ZLOO WDNH VL[ \HDUV RI
DQQXDO FRPSRXQGLQJ WR DFKLHYH D EDODQFH RI DW OHDVW  &DOFXODWH WKH
DFWXDO EDODQFH DW WKH HQG RI VL[ \HDUV
P
/
Example: An Individual Retirement Account.
LQGLYLGXDO UHWLUHPHQW DFFRXQW RQ $SULO    ZLWK D GHSRVLW RI 
 LV GHGXFWHG IURP \RXU SD\FKHFN DQG \RX DUH SDLG WZLFH D PRQWK
7KH DFFRXQW SD\V 
PXFK ZLOO EH LQ WKH DFFRXQW RQ $SULO  "
(Half-months periods)
2 3
PV = -2,000.00
6HW WR (QG PRGH 3UHVV
6.00
3,035.28
DQQXDO LQWHUHVW FRPSRXQGHG VHPLPRQWKO\ +RZ
I/YR = 6.3%
N = 360 ( 5 years
P/YR = 24
. . .
4
PMT = -80.00
O
LI
BEGIN
5: Time Value of Money Calculations 61
P
6HWV WR  \HDUV
&DOFXODWHV DPRXQW \RX
FDQ ZLWKGUDZ DIWHU 
\HDUV
<RX RSHQHG DQ
24 half-months)
DQQXQFLDWRU LV GLVSOD\HG
FV= ?
3 6 0