HP 10bII+ User Manual page 157

Set to Begin mode. Press
Table 13-20 Calculating the annual effective rate
Keys
d\Ó
JG\Í
\Ð
When compounding occurs only once per year, the effective rate and the nominal rate are
the same.
Ò
Set to Begin mode. Press
Table 13-21 Calculating the amount required at the start
Keys
J\Í
JV:::
Ì
YÙ
:É
Ï
Figure 20 Cash flow diagram
\¯
if BEGIN annunciator is not displayed.
Display
9.38
\¯
if BEGIN annunciator is not displayed.
Display
1.00
15,000.00
4.00
0.00
-52,713.28
Description
9.00 Stores annual nominal rate.
12.00 Stores number of compounding
periods used with this nominal
rate.
9.38 Calculates annual effective rate.
Stores effective rate as annual
rate.
Description
Sets 1 payment per year.
Stores annual withdrawal.
Stores number of withdrawals.
Stores balance at the end of four
years.
Calculates the amount required
when your daughter starts
college.
Additional Examples 149