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.