TI BA II Plus Information
The older TI BA II is not identical.
- Financial Keys
N, number of periods
I/Y, rate of interest per year
P/Y, number of periods per year
PMT, payment per period
PV, present value
FV, future value
Payments which increase the balance are positive numbers.
Payments which decrease the balance are negative numbers.
Future values are withdrawals, usually entered as negative numbers.
- Floating Decimal
- Press 2nd Format 9 ENTER 2nd QUIT.
- Clearing Financial Data
- Press 2nd CLRTVM.
- Beginning Annuities
- Press 2nd BGN, then 2nd SET until BGN appears in the display, then 2nd QUIT.
- Entering Financial Data
Display the value, then press the financial key.
To enter P/Y, press 2nd P/Y, then the value for P/Y, then ENTER 2nd QUIT.
- Computing Values
Press CPT, followed by the financial key to be computed.
Tom's account begins with $500, and earns 6% per year, compounded
monthly. He deposits an additional $50 at the end of each month. What
will the balance be at the end of one year?
The variables are:
|N = 12||I = 6/12||PMT = 50 increasing||PV = 500||FV = ???|
- The keystrokes are:
- 2nd CLRTVM
2nd P/Y 12 ENTER 2nd QUIT
The answer is $1,147.62, rounded to the nearest cent. The negative sign
indicates that the amount can be withdrawn from the account.