# 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 by pressing [1] [Gold Shift] [P/YR].

Note: If you get the answer of 597.5319, then you need to change the TVM Payment Mode back to End Mode by pressing [Gold Shift] [Beg/End].

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.

Updated On: 13.04.03