User Manual

ManualsBrandsTexas Instruments ManualsCalculatorsTexas Instruments BA II Plus Financial Calculator

2: TVM and Amortization Worksheets 41

Example: Present Value of Cost Savings (cont.)

Procedure Keystrokes Display

Set all variables to defaults.

&

}

!

RST 0.00

Set payments per year to 1.

&

[

1

!

P/Y= 1.00



Return to calculator mode.

&

U

0.00

Enter number of payments.

10

,

N= 10.00



Enter interest rate per

payment period.

10

-

I/Y= 10.00



Enter payment.

20000

S

/

PMT= -20,000.00



Compute PV for an ordinary

annuity.

%

.

PV= 122,891.34

…

Set beginning-of-period

payments.

&

]

&

V

BGN

Return to calculator mode.

&

U

0.00

Compute PV for annuity due.

%

.

PV= 135,180.48

…

The present value is $122,891.34 with an ordinary annuity and

$135,180.48 with an annuity due.