1. Read the problem thoroughly.

   Remember cash outflows carry a minus sign.

2. Make sure what is being asked in the problem.

   What is the future value of the $15,000?

3. Clear the calculator.

   C    C ALL

4. Input the known value.

   1  5  0  0  0  +/−  PV

5. Input the number of compounding periods per year.

   4    P/YR

6. Input the annual interest rate.

   8  I/YR

7. Input the total number of compounding periods.

   2  0  N

8. Request the unknown.

   FV

Answer: $22,289.21