The cash flow diagram looks like this:

FV = ?

 

 

 

 

 

 

 

 

 

 

 

 

1

 

2

 

3

 

4

 

5

 

 

 

 

 

 

 

 

 

 

 

 

 

-50

-50

-50

-50

-50

 

PV = - 1023.25

Keystrokes Display

CLEAR

50

1,299.22

Amount in account.

 

5.5

1023.25

5

Now suppose that at the beginning of the 6th month you withdrew $80. What is the new balance?

Keystrokes

Display

 

80

1,219.22

New balance.

 

 

You increase your monthly deposit to $65. How much will you have in 3 months?

The cash flow diagram looks like this:

40