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Compounding a series

THIS WILL CALCULATE: How much money you will have if you make regular installments over a period of time?

EXAMPLE: If you put in the bank $200 per month for the next 20 years, and it earns 6% monthly compounded interest, how much will you have at the end of the 20 years? 

Please note:  (the    key changes the 200 to a negative number.  With the HP12C all cash outlays should be entered in as a negative number, therefore the result is a positive number, a receivable.)

20  
6
200
92,408.18

 


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