Texas Instruments BA II PLUS - Manual (Page 32)

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