Texas Instruments BA II Plus - Future Value of Savings

38 BA II PLUS™ Calculator
Future Value of Savings
Example: Future Value of Savings
You have opened a savings account with $5,000. The bank pays
5%, compounded at the end of each year. What is the future
value of the account after 20 years?
Procedure Keystrokes Display
Set all variables to defaults.
& } !
RST 0.00
Set payments per year to 1.
& [
1
!
P/Y= 1.00

Return to calculator mode.
& U
0.00
Enter number of payments.
20
,
N= 20.00

Enter interest rate.
5
-
I/Y= 5.00

Enter beginning balance.
5000
S .
PV= -5,000.00

Compute future value.
% 0
FV= 13,266.49

The future value is $13,266.49.