Texas Instruments BA-20 Profit Manager User Manual - Page 32

Examples: Computing Value in Savings, Computing Future Value, Computing Present Value

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To Compute payment. Press % / Answer: The quarterly payments are $1,279.82. Display PMT= -1,279.82 Examples: Computing Value in Savings These examples show you how to compute the future and present values of a savings account paying 0.5% compounded at the end of each year with a 20-year time frame. Computing Future Value Example: If you open the account with $5,000, how much will you have after 20 years? To Set all variables to defaults. Enter number of payments. Enter interest rate. Enter beginning balance. Compute future value. Press & } ! 20 , .5 5000 S . % 0 Display RST 0.00 N= 20.00 I/Y= 0.50 PV= -5,000.00 FV= 5,524.48 Answer: The account will be worth $5,524.48 after 20 years. Computing Present Value Example: How much money must you deposit to have $10,000 in 20 years? To Enter final balance. Compute present value. Press 10000 0 % . Display FV= 10,000.00 PV= -9,050.63 Answer: You must deposit $9,050.63. 28 Time-Value-of-Money and Amortization Worksheets

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28
Time-Value-of-Money and Amortization Worksheets
Answer:
The quarterly payments are $1,279.82.
Examples: Computing Value in Savings
These examples show you how to compute the future and present values
of a savings account paying 0.5% compounded at the end of each year
with a 20-year time frame.
Computing Future Value
Example:
If you open the account with $5,000, how much will you have
after 20 years?
Answer:
The account will be worth $5,524.48 after 20 years.
Computing Present Value
Example:
How much money must you deposit to have $10,000 in 20
years?
Answer:
You must deposit $9,050.63.
Compute payment.
% /
PMT=
-1,279.82
To
Press
Display
Set all variables to defaults.
& }
!
RST
0.00
Enter number of payments.
20
,
N=
20.00
Enter interest rate.
.5
-
I/Y=
0.50
Enter beginning balance.
5000
S .
PV=
-5,000.00
Compute future value.
% 0
FV=
5,524.48
To
Press
Display
Enter final balance.
10000
0
FV=
10,000.00
Compute present value.
% .
PV=
-9,050.63
To
Press
Display