Financial Calculator question, HP10BII? - bank rate calculator
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Steven deposit only 10,000 U.S. dollars to the account of AA, which is 12% of the nominal interest rate compounded monthly. Steven anotehr also plans to $ 10,000 on the account of 1 year from now and a further two years for $ 20,000 now contribute. What will be done 3 years? ANSWER: $ 49,542
HELPPPPP Please, this is my test in 20 minutes !!!!!!
Saturday, January 23, 2010
Bank Rate Calculator Financial Calculator Question, HP10BII?
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2 comments:
10000 = a * (1 +0.12) ^ 3 = 14049
b = 10000 * (1 +0.12) ^ 2 = 12544
c = 20000 * (1 +0.12) ^ 1
c = 22400
result = a + b + c = 48,993
OK?
10000 = a * (1 +0.12) ^ 3 = 14049
b = 10000 * (1 +0.12) ^ 2 = 12544
c = 20000 * (1 +0.12) ^ 1
c = 22400
result = a + b + c = 48,993
OK?
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