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2.
(1) (OS) (P/YR) (C)
3. (2000) (PMT)
4.
(5) (N)
5. (11.4) (I/Y)
6.
(FV)
I.
Calculating the future value of an annuity due:
Example: In this case, your winnings will be paid at the beginning, instead of at the end, of each year
for five years. So, you are going to get the first payment of your $10,000 lottery, i.e. $2,000,
immediately! Thereare two methods to calculate the future value of an annuity due:
Keystrokes
Clear all memory.
1.
(OS) (C ALL)
2.
(1) (OS) (P/YR) (C)
3.
(OS) (BGN/END)
4. (2000) (PMT)
5.
(5) (N)
0.00
2,000.00
5.00
11.4
-12,555.07
Display
0.00
0.00
0.00
2,000.00
5.00
Sets the frequency of
compounding to once per
year and clears the register.
Enter $2,000 as the annuity
payment.
Enter the number of periods
of 5 years.
Enter the annual interest rate
of 11.4%.
Computes the future value of
a $2,000 end-of-the period
annuity earning 11.4 percent
annual interest for 5 years.
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 $2,000 as the annuity
payment.
Enter the number of periods
of 5 years.
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