HP -11C Owner's Handbook Manual page 97

180 Section 10: Applications Programs.
sTeP InsTRUCTIONS patarums | KEVSTROKEs |, OQTRUT,
1 | Key in the program.
2 | Set User moda,
3) | tnitialize. REG.
4 | Input periodic interest rate. iS) 1%)
5 | Set ordinary annuity mode 1.00
'or annuity due mode 0.00
{repeating this step toggles
between the twa modes).
6 | Input the known values:
© Number of periods ~~ . a
© Present value Pv Py
© Periodic payment 7 PMT
© Future value fv
7 | Calcutate the unknown value:
© Number of periods a
© Present value Py
© Periodic payment PMT
© Future value
v
To modify the problem, go to step
and change the appropriate values.
Input zera for any value not appli-
cable in the new problem.
For new case, go to step 3.
Example 1: If you place $155 in a savings account paying 54%
compounded monthly, what sum of money can you withdraw at the
end of 9 years?
Saeee meSrNae Ne
Section 10: Applications Programs tat
Fv?
4
1 2 3 106 = =107 |
. PeaeeNie Wend terres
Keystrokes
(A]CLEAR [REG
Set User mode
5.75 [ENTER]12(4)[A] 0.48 % monthly interest rate.
[R75] 0.00 Annuity due.
9 1 108.00 # of months.
155 (CHS) [C -155.00 Initial deposit,
E}LR/S 259.74 FV
Example 2: You receive $30,000 from a bank as a 30 year, 13%
mortgage. What monthly payment must you make to the bank to
fully amortize the mortgage?
PV = 30,000
1 2 . 358/ 359) 360
{-CASH OUTLAYS)