HP10BII Ordinary Annuities

Example 1:

What is the FV of an annuity of $100 paid at the end of each year for 5 years if the interest rate equals 6%?

0    6%   1         2         3         4          5
|---------|---------|---------|---------|----------|
   -100      -100      -100      -100       -100

5  N

6 I/YR

-100  PMT

Now press the  FV  key, and an FV of $563.71 is displayed.

Example 2:

What is the PV of the same annuity?

Leave data in calculator, but enter 0 as the  FV  to override, then press  PV  to get $421.24.