Then use that PV as the FV on the following cash flow diagram, and calculate the PMT.

Figure 21 Cash flow diagram (Calculate PMT)

Set to End mode. Press \¯if BEGIN annunciator is displayed.

Table 13-22 Calculating the monthly deposit required

KeysDisplay Description

yÉ

52,713.28

Stores amount you need.

 

 

 

 

:Ï

0.00

Stores amount you are starting

 

with.

 

 

 

JG\Í

12.00

Sets payments per year.

 

 

 

 

JYYÙ

144.00

Stores number of deposits.

 

 

 

 

dÒ

9.00

Stores interest rate.

 

 

 

 

Ì

-204.54

Calculates monthly deposit

 

required.

 

 

 

Gains That Go Untaxed Until Withdrawal

You can use the TVM application to calculate the future value of a tax-free or tax-deferred account. (Current tax laws and your income determine whether both interest and principal are tax-free. You can solve for either case.)

The purchasing power of that future value depends upon the inflation rate and the duration of the account.

Example

You are considering opening a tax-deferred account with a dividend rate of 8.175%. If you invest 2,000 at the beginning of each year for 35 years, how much will be in the account at retirement? How much will you have paid into the account? How much interest will you have earned? If your post-retirement tax rate is 15%, what will the after tax future value of the

150 Additional Examples

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HP 10bII+ Financial manual Jyyù, Gains That Go Untaxed Until Withdrawal
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10bII+ Financial specifications

The HP 10bII+ Financial Calculator is a versatile and powerful tool designed to meet the needs of finance students, professionals, and anyone involved in financial planning and analysis. Known for its compactness and user-friendly interface, this calculator incorporates a range of features specifically tailored for financial calculations, making it an essential gadget for banking, real estate, and investment analysis.

At the heart of the HP 10bII+ is its ability to perform a wide variety of financial functions, including time value of money calculations, cash flow analysis, bond pricing, and depreciation. Its built-in functions facilitate the computation of interest rates, present and future values, net present value (NPV), internal rate of return (IRR), and annuities. This array of functionalities allows users to tackle complex financial problems with ease.

One of the standout technologies in the HP 10bII+ is its RPN (Reverse Polish Notation) input system, which allows for efficient data entry and calculation. Users can perform consecutive calculations without the need for parentheses, streamlining the process significantly. Alternatively, the calculator can also function with a standard algebraic input, catering to different user preferences.

The design of the HP 10bII+ is sleek and compact, making it highly portable and easy to handle. With a large, easy-to-read display, it ensures that users can view their calculations clearly, even in low-light environments. The keys are well-spaced and tactile, allowing for a comfortable typing experience during intensive calculations.

The calculator also offers a range of memory functions, enabling users to store and recall important values easily. This is particularly useful for financial professionals who must deal with multiple calculations and refer back to previous results frequently.

Additionally, the HP 10bII+ is powered by two AAA batteries, providing a long battery life that ensures reliability during extended use. It also features an automatic shut-off function, which conserves battery life when the calculator is not in use.

In summary, the HP 10bII+ Financial Calculator is a high-performance device that combines essential financial functions with user-friendly design and robust technology. Whether for educational purposes or professional finance work, its capabilities make it an invaluable asset for anyone dealing with financial calculations and decision-making.
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