HP 35s User Manual

 
hp calculators 
 
HP 35s Sinking Funds 
 
hp calculators - 3 - HP 35s Sinking Funds - Version 1.0 
5) After you press : for the last time, the value of the unknown variable will be calculated and displayed. 
6) To do another calculation with the same or changed values, go back to step 2 above. 
 
The SOLVE feature will work effectively without any initial guesses being supplied for the unknown variable with the 
exception noted above about the variable I in this equation. This equation follows the...

 
hp calculators 
 
HP 35s Sinking Funds 
 
hp calculators - 4 - HP 35s Sinking Funds - Version 1.0 
 Figure 4 
 
-In either RPN or algebraic mode, press: &: 
 
 Figure 5 
 
Answer: The required monthly deposit is $115.73. 
 
Example 2: John wants to retire as a millionaire. He is 25 years old. How much would he need to deposit each month 
 beginning one month from now and continuing until his 65th birthday in order to achieve his goal? Assume  
 the funds would earn 5%, compounded monthly, and that John...

 
hp calculators 
 
HP 35s Sinking Funds 
 
hp calculators - 5 - HP 35s Sinking Funds - Version 1.0 
 Figure 8 
 
-In either RPN or algebraic mode, press: %&&&&&&: 
 
 Figure 9 
 
-In either RPN or algebraic mode, press: &: 
 
 Figure 10 
 
Answer: $655.30  
 
Example 3: How much money should you deposit each year into an account, beginning one year from today, to have 
 $30,000 in the account after 15 years? Assume the funds would earn 6%, compounded annually, and  
 that the account begins with a...

 
hp calculators 
 
HP 35s Sinking Funds 
 
hp calculators - 6 - HP 35s Sinking Funds - Version 1.0 
 Figure 13 
 
-In either RPN or algebraic mode, press: >&&&&: 
 
 Figure 14 
 
-In either RPN or algebraic mode, press: %&&&.: 
 
 Figure 15 
 
Answer: $1,185.92     

 
 
hp calculators 
 
 
 
 
HP 35s Present value 
 
 
 
 
Present value 
 
The Time Value of Money on the HP 35s 
 
Practice solving for the present value of future 
cash flows 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   

 
hp calculators 
 
HP 35s Present value 
 
hp calculators - 2 - HP 35s Present value - Version 1.0 
Present value 
 
Many problems involving the time value of money require the conversion of monies to be received in the future into the 
equivalent monies today. This conversion is the computing of the present value of the monies being received in the 
future. There are many benefits from this conversion to a present value, including the ability to better visualize the real 
magnitude of future...

 
hp calculators 
 
HP 35s Present value 
 
hp calculators - 3 - HP 35s Present value - Version 1.0 
continue. If the value is to be changed, enter the changed value and press :. If a variable had a value in a 
previous calculation but is not involved in this calculation (as might happen to the variable P (payment) when solving 
a compound interest problem right after solving an annuity problem), enter a zero for the value and press :. 
5) After you press : for the last time, the value of the unknown...

 
hp calculators 
 
HP 35s Present value 
 
hp calculators - 4 - HP 35s Present value - Version 1.0 
 Figure 3 
 
-In RPN mode, press: =2&&.: 
 
 Figure 7 
   

 
hp calculators 
 
HP 35s Present value 
 
hp calculators - 5 - HP 35s Present value - Version 1.0 
-In RPN mode, press: =2%?*: 
 In algebraic mode, press: =*%?2:-
 
 Figure 8 
 
-In RPN mode, press: ?&2%?$: 
 In algebraic mode, press: ?&$%?2:-
 
 Figure 9 
 
-In either RPN or algebraic mode, press: &: 
 
 Figure 10 
 
Answer: The equivalent amount in today’s dollars is $69,790.39. 
 
Example 3: Dan will receive $40 per month for the next five years and a single payment 60 months from today of...

 
hp calculators 
 
HP 35s Present value 
 
hp calculators - 6 - HP 35s Present value - Version 1.0 
 In RPN mode, press: @>2%?*: (Enters I) 
-->2%?$:  (Enters N) 
--?&&&:   (Enters F) 
 
 In algebraic mode, press: @>*%?2: (Enters I) 
-->$%?2:  (Enters N) 
--?&&&:   (Enters F) 
 
 Figure 11 
 
Answer: The equivalent amount in today’s dollars is $3,614.21.