Time Value Of Money Calculations - HP -22S Owner's Manual

6.66
1 INPUT I
P'?4.0000
12
1 INPUT I
E=6.8671
• 1
EQUATIONS
I
[!J
E=(EXP(N·d00
1
EVALI
N'?6.6600
6.65
1
INPUT
I
E=6.8761
Stores N, prompts for
P.
Calculates E for bank
#2 .
Displays the continu-
ous compounding
equation.
Prompts for N.
Retains previous value
of N, calculates E for
bank #3.
Bank #3 is offering the most favorable interest rate.
Time Value of Money Calculations
The following examples use the time value of money equation in the
library. To display the equation, press
.1
LIBRARY
I.
If necessary, press
[!J until the HP-22S displays the beginning of the equation
«p
x 100+I-F)X).
The time value of money variables are described on page 109. Follow-
ing is a brief description of each variable:
B
=
the
beginning value
(also called the
present value)
of the series
of future cash flows.
F
=
the
future value-the
amount of the final cash flow, or the
compounded value of the series of previous cash flows.
134 8: Additional Examples