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The HP monetary calculators permit users to clear up annuity problems. The calculator may quickly solve for the number of eras of the pension, the attention rate per year, the present worth of the annuity, the future value and the annuity payment. All the HP calculators follow the same input method. One annuity requires you fill outside four of the five allowance variables. Then press the fifth variable to answer for that variable.

Difficulty: Moderate

Instructions

2 Type in the amount of times there is some deposit or expense for the pension and press "N."

3 Type the curiosity rate each year and press "I/YR." Do not alter the curiosity rate to a decimal, very 8 percent will be 8, not 0.08.

4 Type the existing value of the annuity and press "PV."

5 Type the future worth of the allowance and press "FV."

6 Press "PMT." This will supply the payment period to the annuity. To solve to some diverse variable, like as existing value, do not kind on that is variable's amount although type in the expense amount and press "PMT." Subsequently press the unknown variable after entering the additional 4 variables.

References

HP: Solving Lease Payments

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