Savings Calculations - HP 10BII User Manual

Savings Calculations

Example: A Savings Account.
DFFRXQW WKDW SD\V 
QR RWKHU GHSRVLWV WR WKH DFFRXQW KRZ ORQJ ZLOO LW WDNH IRU WKH DFFRXQW WR
JURZ WR "
1 2
PV = -2,000 00
6LQFH WKLV DFFRXQW KDV QR UHJXODU SD\PHQWV 307
PRGH (QG RU %HJLQ LV LUUHOHYDQW
Keys:
8
 ˜
@Æ
!G
% F
€
60 5: Time Value of Money Calculations
,I \RX GHSRVLW  LQ D VDYLQJV
DQQXDO LQWHUHVW FRPSRXQGHG DQQXDOO\ DQG PDNH
I/YR = 7 2%
N = ?
P/YR = 1
3
PMT = 0
Display:
0.00
1.00
–2,000.00
3,000.00
7.20
5.83
FV = 3,000 00
  WKH SD\PHQW
Description:
&OHDUV DOO UHJLVWHUV
6HWV 3<5 WR  VLQFH LQWHUHVW
LV FRPSRXQGHG DQQXDOO\
6WRUHV DPRXQW SDLG RXW IRU
ILUVW GHSRVLW
6WRUHV WKH DPRXQW \RX ZLVK
WR DFFXPXODWH
6WRUHV DQQXDO LQWHUHVW UDWH
&DOFXODWHV QXPEHU RI \HDUV LW
WDNHV WR UHDFK 
N = ?