HP 17bII manual I11 I 

0 I11 I 	Stores cash flows of zero
	for the next 11 months.

15000 II

0 I11 I 

15000 II

Stores third withdrawal, for junior year.

Stores cash flows of zero for the next 11 months.

Stores fourth withdrawal, for senior year.

e		  	Done entering cash flows;
		 	gets CALC menu.

Step 2: Calculate NUS for the monthly deposit. Then calculate net present value.

Keys:	Display:	Description:
9 E12 /		Figures the periodic
		(monthly) interest rate and
	
		stores it in I%.

 Amount of monthly deposit needed to meet planned withdrawals.

 Calculates the net present value of the monthly deposits, which is the same as the NPV of the four future withdrawals.

Example: Tax-Free Account. Consider opening an IRA account with a dividend rate of 8.175%. 1) If you invest $2,000 at the beginning of each year for 35 years, how much will you have at retirement? 2) How much will you have paid into the IRA? 3) How much interest will you have earned? 4) If your post-retirement tax rate is 15%, what is the

280 F: RPN: Selected Examples

File name : English-M02-1-040308(Print).doc Print data : 2004/3/9