Texas Instruments BA II Plus User Guide

Time-Value-of-Money and Amortization Worksheets 35
Answer: Your monthly payment is $26.72.
Example: Saving With Monthly Deposits
Note: Accounts with payments made at the beginning of the period are
referred to as annuity due accounts. Interest begins accumulating earlier
and produces slightly higher yields.
You invest $200 at the beginning of each month in a retirement plan.
What will the account balance be at the end of 20 years, if the fund earns
an annual interest of 7.5 % compounded monthly, assuming beginning-
of-period payments?
Return to standard-calculator
mode
& U
0.00
Enter number of payments using
payment multiplier.
2 & Z ,
N=
24.00

Enter interest rate.
20 -
I/Y=
20.00

Enter loan amount.
525 .
PV=
525.00

Compute payment. % /
PMT=
-26.72

To Press Display
Set all variables to defaults. & } !
RST 0.00
Set payments per year to 12. & [ 12 !
P/Y=
12.00

Set beginning-of-period
payments.
& ] & V
BGN
Return to standard-calculator
mode.
& U
0.00
To Press Display

Texas Instruments BA II Plus Specifications

General

Type	Financial
Cover	-
Form factor	Pocket
Control type	Buttons
Product color	Black
Digits	10 digits
Display tilting	No
Display number of lines	1 lines
Memory registers	10
Power source	Battery