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| General Finance Discuss general personal finance issues and home accounting not covered on the other finance boards. |
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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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