### Future Value of an Annuity Example: Calculator Solution

Follow the steps below to find the **Future Value of the Annuity** using
the **Texas Instruments BA II Plus** calculator.

**First, set the calculator for quarterly
compounding.** |

[2nd][P/Y] |
4 [Enter] |

P/Y = 4 |
[2nd][Quit] |

**Clear the calculator** |

[2nd][CLR TVM] |
[2nd][Quit] |

**Enter the payment, interest rate, and number of payments
(mt).** |

100 |
[PMT] |

8 |
[I/Y] |

12 |
[N] |

[CPT] |
[FV] |

**The Future Value is $1341.21** |

© 2002 - 2010 by Mark A. Lane, Ph.D.