Examples: Computing Value In Savings - Texas Instruments Calculator User Manual

To
Compute payment.
Answer: The quarterly payments are $1,279.82.

Examples: Computing Value in Savings

These examples show you how to compute the future and present values
of a savings account paying 0.5% compounded at the end of each year
with a 20-year time frame.
Computing Future Value
Example:
If you open the account with $5,000, how much will you have
after 20 years?
To
Set all variables to defaults.
Enter number of payments.
Enter interest rate.
Enter beginning balance.
Compute future value.
Answer:
The account will be worth $5,524.48 after 20 years.
Computing Present Value
Example:
How much money must you deposit to have $10,000 in 20
years?
To
Enter final balance.
Compute present value.
Answer:
You must deposit $9,050.63.
28
Press
% /
Press
& }
!
,
20
-
.5
S .
5000
% 0
Press
0
10000
% .
Time-Value-of-Money and Amortization Worksheets
Display
PMT=
-1,279.82
Display
RST
N=
I/Y=
PV=
-5,000.00
FV=
5,524.48
Display
FV=
10,000.00
PV=
-9,050.63

0.00

20.00

0.50



