Texas Instruments BA Real Estate - Page 69

68 Other Financial Tools
BEAR-CH3.DOC BA Real Estate Guidebook Bob Fedorisko Revised: 08/29/96 9:19 AM Printed: 09/28/99 1:21 PM
Page 68 of 20
What would the final amount be if the interest were
compounded quarterly?
Steps Keystrokes Display
Set 12 payments
per year.
#
+
12
j
BGN
P/Y = 12.00
BGN
C/Y = 12.00
Set 4 compounding
periods per year.
4
j
BGN
4.00
Calculate future value
of the account.
$
4
BGN
FV = 110,801.04
Clear display and
restore to end-of-
period payments.*
!
#
,
0.00
Restore C/Y to 12 per
year.
#
+ j
12
j
C/Y = 12.00
* The calculator remains set to BGN or END until you
change the setting.
Saving for the Future with Regular Deposits
(Continued)
Example 2:
Compounded
Quarterly