1> Enter the amount of the annuity payment you want to receive and for how long you want to receive it. Y F A will calculate the amount you need to invest now. 2> Enter the amount you want to have at some time in the future. Y F A will calculate the amount you need to invest now. 3> Enter the amount you have to invest today and Y F A will tell you what it will be worth at some time in the future. 4 & 5> These two sections provide calculation screens to allow you to do "what if" planning for your retirement or your children's college expenses. Enter the amount of money you'd like to receive every year. Any amount up to $100,000 may be entered. Enter a percentage interest rate. For example, an eight percent interest rate would be entered by pushing the #8 key. For how many years would you like to receive this yearly payment? The more years you enter, the greater the amount of money you will need to invest. Enter the amount you'd like to have at some future time. Enter the number of years until you need the future amount. If you'd like a printed copy of the report, push the letter "Y." Otherwise push "N." <<< BE SURE YOUR PRINTER IS TURNED ON AND CONNECTED >>> Enter the amount of money you have available to invest today. If the interest on your investment is compounded annually, then enter the number 1. For quarterly coumpounding enter 4. For monthly compounding enter 12 and for daily compounding enter 365. Enter the number of years you can wait before withdrawing money from this investment. This function will calculate the amount of money you need to save each month or the lump sum you need to save today, in order to have the income you'd like at retirement. On the top line enter the monthly income you'd like to have if you were to retire today. This amount will be adjusted for inflation so that you'll have the same buying power when you retire. On the next four lines enter your estimates for your income from a pension plan, social security, investments and insurance policies when you retire. Use the UP / DOWN cursor keys to move the cursor from one item to the next. When the cursor is at an item you'd like to change, just type in the new information. Move the cursor to the bottom of the screen and enter the number of years until you retire. On this line the LEFT / RIGHT cursor keys work to move the cursor back and forth. Move the cursor to the right and enter the number of years of retirement income you'd like to receive. When the cursor is on the top line pushing any key, except the cursor and RETURN keys, will toggle the setting between public and private. A default value is supplied for the yearly cost of college, based on the 1989 average.The value will change as you toggle between the public and private settings.You may also enter any value you feel is correct on the Current Yearly Cost line (appropriate for the college your child is going to). On the "AMOUNT CURRENTLY AVAILABLE" line enter the amount of money you've already saved for this child's college. The final two lines will be calculated providing you with the estimated total cost of sending your child to college and the amount to save each month in order to have all of the money needed in the bank when he/she starts college. If you'd like a printed copy of this report, push the letter "P." Pushing "X" will return you to the Financial Calculations Menu. Enter the name of the child for whom you are doing college planning. To eXit without getting a printed report, enter the letter "X."
