Texas Instruments BA-20 Profit Manager User Manual - Page 39

Example: Saving With Monthly Deposits, Enter interest rate.

Get Texas Instruments BA-20 Profit Manager PDF manuals and user guides View all Texas Instruments BA-20 Profit Manager manuals
Add to My Manuals
Save this manual to your list of manuals

Page 39 highlights

To Press Return to standard-calculator mode & U Enter number of payments using 2 & Z , payment multiplier. Enter interest rate. 20 - Enter loan amount. 525 . Compute payment. % / Answer: Your monthly payment is $26.72. Display 0.00 N= 24.00 I/Y= PV= PMT= 20.00 525.00 -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 beginningof-period payments? To Set all variables to defaults. Set payments per year to 12. Set beginning-of-period payments. Return to standard-calculator mode. Press & } ! RST & [ 12 ! P/Y= & ] & V BGN Display 0.00 12.00 & U 0.00 Time-Value-of-Money and Amortization Worksheets 35

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
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