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Old 01-25-2010, 08:33 PM
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Join Date: Jan 2010
Location: CT USA
Posts: 1
Default Future Value Problem, right?

I'm trying to understand how to approach this problem using an HP12C.

Suppose you deposit $2,500 at the end of year 1, nothing at the end of year 2, $750 at the end of year 3, and $1,300 at the end of year 4. Assuming that these amounts will be compounded at an annual rate of 9 percent, how much will you have on deposit at the end of five years?

When I enter CF0 as 0
n=5
I=9
CFj1 as 2500
CFj2 as 0
CFJ3 as 750
CFJ4 as 1300
CFj5 as 0 (since it in year 5 there's no mention of a deposit).

Shouldn't I be able to solve for FV? I'm not getting a result (other than 0, even if I don't enter CFj5 at all).

Please advise.

Thanks.

AB
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