What annual deposit would you need to make, beginning one year from today, into an account paying 11% per year, compounded annually, in order to have
$1,000,000 in 30 years?
Click on the arrows to vote for the correct answer
A. B. C. D. E.D
On the BAII Plus, press 30 N, 11 I/Y, 0 PV, 1000000 FV, CPT PMT. On the HP12C, press 30 n, 11 i, 0 PV, 1000000 FV, PMT. Note that the answer will be displayed as a negative number. Make sure the BAII Plus has the P/Y value set to 1.