HP 17bII+ User Manual
Page 278
278 F: RPN: Selected Examples
File name : English-M02-1-040308(Print).doc Print data : 2004/3/9
Keys: Display:
Description:
@c
e
If necessary, sets 12
payments per year and
End mode.
10
@
Stores total number of
payments.
1000000
E
12
%
Calculates annual interest
on $1,000,000.
12
/
Calculates, then stores,
monthly payment.
1000000
Stores entire loan amount
as balloon payment.
3
%
-
&
Calculates, then stores,
amount borrowed (total -
points).
Calculates APR—the yield
to lender.
Example: Savings for College. Your daughter will be going to college
in 12 years and you are starting a fund for her education. She will need
$15,000 at the beginning of each year for four years. The fund earns
9% annually, compounded monthly. You plan to make monthly deposits,
starting at the end of the current month. How much should you deposit
each month to meet her educational expenses?
See figures 14-1 and 14-2 (chapter 14) for the cash-flow diagrams.
Remember to press the
=
key for
E
while working in a list.
(Pressing
I
will add data to the list, not perform an ENTER.)