How much must you deposit today if you wish to have $50,000 in 20 years, assuming that interest accumulates at 6% per year, compounded annually?
Click on the arrows to vote for the correct answer
A. B. C. D. E.E
On the BAII Plus, press 20 N, 6 I/Y, 0 PMT, 50000 FV, CPT PV. On the HP12C, press 20 n, 6 i, 0 PMT, 50000 FV, PV. Note that the answer is displayed as a negative number. Make sure the BAII Plus has the P/Y value set to 1.