HP 17bII+ User Manual
Page 282
282 F: RPN: Selected Examples
File name : English-M02-1-040308(Print).doc Print data : 2004/3/9
8
0
Calculates present-value
purchasing power of the
above after-tax FV at 8%
inflation rate.
Example: Taxable Retirement Account. If you invest $3,000 each year
for 35 years, with dividends taxed as ordinary income, how much will
you have in the account at retirement? Assume an annual dividend rate
of 8.175% and a tax rate of 28%, and that payments begin today.
What will be the purchasing power of that amount in today’s dollars,
assuming 8% annual inflation?
Keys: Display: Description:
Displays TVM menu.
1
e
Sets 1 payment per year
and Begin mode.
35
Stores years until
retirement.
8.175
E
28
%
-
Calculates interest rate
diminished by tax rate.
Stores interest rate.
0
Stores no present value.
3000
&
Stores annual payment.
Calculates future value.
8
0
Calculates present-value
purchasing power of the
above FV at 8% inflation.