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Keystrokes
Clear all memory.
1.
(OS) (C ALL)
2.
(1) (OS) (P/YR) (C)
3.
(OS) (BGN/END)
4. (6000) (PMT)
5.
(5) (N)
6. (15) (I/Y)
7. (PV)
H. Calculating the future value of an annuity:
Example: You have recently won a lottery for $10,000. Your winnings will come in five annual
payments of $2,000 each, starting one year from now. If the annual compound rate is 11.4%, how
much is the lottery worth at the end of five years?
Keystrokes
Clear all memory.
1.
(OS) (C ALL)
Display
0.00
0.00
0.00
6,000.00
5.00
15.00
-23,129.87
Display
0.00
Description
Clears Time-Value-of-Money
worksheet.
Sets the frequency of
compounding to once per
year and clears the register.
In addition to the 0.00 on the
LED display, the word BEGIN
should now appear indicating
beginning of the period
payments.
Enter $6,000 as the annuity
payment.
Enter the number of periods
of 5 years.
Enter the annual interest rate
of 15%.
Computes the present value
of a $6,000 beginning-of-the-
period annuity earning 15
percent annual interest for 5
years.
Description
Clears Time-Value-of-Money
worksheet.
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