Texas Instruments BA II Plus User Manual

2: TVM and Amortization Worksheets 39
Present Value of Savings
Example: Future Value of Savings
You are opening a savings account that you want to be worth
$10,000 in 20 years. The bank pays 5%, compounded at the end
of each year. How much do you need to deposit now?
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 final balance.
10000
0
FV= 10,000.00

Compute future value.
% .
PV= -3,768.89

The present value is $3,768.89. This is the amount you need to
deposit.

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