### Present Value Example: Calculator Solution

Follow the steps below to find the **Present Value** 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 future value, interest rate, and number of
periods (mt).** |

100 |
[FV] |

12 |
[I/Y] |

12 |
[N] |

[CPT] |
[PV] |

**The Present Value is $70.14** |

© 2002 - 2010 by Mark A. Lane, Ph.D.