Future Value Example: Calculator Solution

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

First, set the calculator for semiannual compounding.
[2nd][P/Y] 2 [Enter]
P/Y = 2 [2nd][Quit]
Clear the calculator
[2nd][CLR TVM] [2nd][Quit]
Enter the present value, interest rate, and number of periods (mt).
100 [PV]
10 [I/Y]
6 [N]
[CPT] [FV]
The Future Value is $134.01.

 

© 2002 - 2010 by Mark A. Lane, Ph.D.