Using HP 10bII for Deferred Annuities

Enter 12 and press [Shift] [P/YR] (set to yearly)

Part 1 - Calculate Future Value after 30 years

• Enter 100,000 and press [PV]
• Enter 30 and press [Shift] [N x P/YR]
• Enter 8 and press [I/YR]
• Enter 0 and press [PMT]
• Enter [FV]
• Display -1093572.97

Part 2 - Calculate PMT for next 20 years

• Press [Shift] [STO]
• [PV] (to store this old future value to present)
• Enter 20 and press [Shift] [N x P/YR]
• Press 0 and then [FV] (to clear off the FV register)
• Press [PMT]
• Display 9,147.08

After 30 years, Jack will then be able to withdraw 9,147.08 per month for the next 20 years.