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]

0 [PV]

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

Note: If you get the answer of 505.0251, then you need
to change the periods per year to 1.

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.