The cash flow diagram looks like this:
FV = ?
|
|
|
|
|
|
|
|
|
|
|
| 1 |
| 2 |
| 3 |
| 4 |
| 5 |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
|
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