HP 10BII Manual
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8: Additional Examples 101 Step 3. (QWHUDFWXDOFXUUHQWYDOXHVIRU1DQG 39WKHQILQGWKHQHZ ,
102 8: Additional Examples Example: Interest-Only Loan With Fee. $\HDU\b DQQXDOLQWHUHVW\f LQWHUHVWRQO\ORDQKDVDQRULJLQDWLRQIHHRIWKUHHSRLQWV :KDWLVWKH\LHOGWRWKHOHQGHU$VVXPHWKDWPRQWKO\SD\PHQWVRI LQWHUHVWDUHPDGH 6HWWR(QGPRGH3UHVV *OLIBEGINDQQXQFLDWRULVGLVSOD\HG /0.007KHORDQZLOOEH FRPSOHWHO\SDLGRIILQ \HDUV 2–1,230.26&DOFXODWHVSD\PHQW 160,000.005HFDOOVORDQDPRXQW 156,8006XEWUDFWVSRLQWV .8.72&DOFXODWHV $35 FRQVLGHULQJIHHV Keys: Display: Description: *b12.006HWVSD\PHQWVSHU\HDU .12.006WRUHVLQWHUHVWUDWH *U120.006WRUHVOHQJWKRI PRUWJDJH 1,000,000.006WRUHVRULJLQDODPRXQW RIPRUWJDJH (/–1,000,000.00(QWHUVDPRXQWGXHDW HQGRIWHUP3D\PHQWV DUHLQWHUHVWRQO\VR HQWLUHORDQDPRXQWLV GXH 2–10,000.00&DOFXODWHVLQWHUHVWRQO\ SD\PHQWV 1,000,000.005HFDOOVORDQDPRXQW 970,000.006XEWUDFWVSRLQWV .12.53&DOFXODWHV$35 .book Page 102 Wednesday, June 21, 2000 5:19 PM
8: Additional Examples 103 Loan With a Partial (Odd) First Period 790FDOFXODWLRQVDSSO\WRILQDQFLDOWUDQVDFWLRQVZKHUHHDFKSD\PHQW SHULRGLVWKHVDPHOHQJWK+RZHYHUVLWXDWLRQVH[LVWZKHUHWKHILUVW SD\PHQWSHULRGLVQRWWKHVDPHOHQJWKDVWKHUHPDLQLQJSHULRGV7KLVILUVW SHULRGLVVRPHWLPHVFDOOHGDQRGGRU SDUWLDOILUVWSHULRG ,ILQWHUHVWLVDSSOLHGWRDQRGGILUVWSHULRGLWLVXVXDOO\FDOFXODWHGDV VLPSOHLQWHUHVW6RXVLQJWKH+3%,,WRGRDSD\PHQWFDOFXODWLRQZLWK DQRGGILUVWSHULRGLVDWZRVWHSSURFHVV &DOFXODWHWKHDPRXQWRIVLPSOHLQWHUHVWWKDWDFFUXHVGXULQJWKH IUDFWLRQDOILUVWSHULRGDQGDGGLWWRWKHORDQDPRXQW7KLVLVWKHQHZ 39
104 8: Additional Examples Automobile Loan Example.
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106 8: Additional Examples What if … TVM Calculations 2QHRIWKHPRVWYDOXDEOHDVSHFWVRIWKH+3%,,·V790DSSOLFDWLRQLV WKHHDVHZLWKZKLFKLWKDQGOHVWKHTXHVWLRQ´ZKDWLI«µLQILQDQFLDO FDOFXODWLRQV)RUH[DPSOHRQHRIWKHPRVWSRSXODU´ZKDWLI«µ TXHVWLRQVLV´:KDWLIWKHLQWHUHVWUDWHFKDQJHVWR«+RZZLOOWKDWDIIHFW P\SD\PHQWµ7RDQVZHUWKLVTXHVWLRQRQFH\RXKDYHFDOFXODWHGD SD\PHQWEDVHGRQRQHLQWHUHVWUDWHDOO\RXQHHGWRGRLVHQWHUWKHQHZ LQWHUHVWUDWHDQGUHFDOFXODWH307 6RPHRIWKHH[DPSOHVHDUOLHULQWKLVPDQXDOKDYHLQFOXGHGVRPHEULHI HQFRXQWHUVZLWK´ZKDWLI«µTXHVWLRQVEXWDPRUHFRPSOHWHH[DPSOH IROORZV Example.
108 8: Additional Examples Savings Saving for College Costs 6XSSRVH\RXVWDUWVDYLQJQRZWRDFFRPPRGDWHDIXWXUHVHULHVRIFDVK RXWIORZV$QH[DPSOHRIWKLVLVVDYLQJPRQH\IRUFROOHJH7RGHWHUPLQH KRZPXFK\RXQHHGWRVDYHHDFKSHULRG\RXPXVWNQRZZKHQ\RX·OO QHHGWKHPRQH\KRZPXFK\RX·OOQHHGDQGDWZKDWLQWHUHVWUDWH\RXFDQ LQYHVW\RXUGHSRVLWV Example.
8: Additional Examples 109 :KHQFRPSRXQGLQJRFFXUVRQO\RQFHSHU\HDUWKHHIIHFWLYHUDWHDQGWKH QRPLQDOUDWHDUHWKHVDPH 6HWWR%HJLQPRGH3UHVV *OLIBEGINDQQXQFLDWRULVQRWGLVSOD\HG 7KHQXVHWKDW 39DVWKH )9RQWKHIROORZLQJFDVKIORZGLDJUDPDQG FDOFXODWHWKH 307 .9.386WRUHVHIIHFWLYHUDWHDV DQQXDOUDWH *b1.006HWVSD\PHQWSHU \HDU 215,000.006WRUHVDQQXDO ZLWKGUDZDO P4.006WRUHVQXPEHURI ZLWKGUDZDOV /0.006WRUHVEDODQFHDWHQG RIIRXU\HDUV –52,713.28&DOFXODWHVDPRXQW UHTXLUHGZKHQ\RXU GDXJKWHUVWDUWVFROOHJH 1 2 3 4 142 143 144... I/YR = 9% PMT=? FV from previous calculation. 10B.book Page 109 Wednesday, June 21, 2000 5:19 PM
110 8: Additional Examples 6HWWR(QGPRGH3UHVV*OLIBEGINDQQXQFLDWRULVGLVSOD\HG Gains That Go Untaxed Until Withdrawal