Question about Texas Instruments TI-30XA Calculator

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Present value of a loan

I'm working with an Attorney on Estate and we need to get the present vlaue on some notes owed by the deceased. There are two notes that were doen for 30 yrs no interest on both:
1). Loan amount $48000 taken on 5-4-2
2). Loan amount $54077 taken on 11-24-2

The estate does not have the money to pay in full, so were trying to come up with the present value to offer the lender.

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The present value of any future monthly (?) stream of payments stretching some 24 years into the future takes into account the time value of money and depends on the interest rate assumed to apply for each month throughout those 24 years.

There are formulae to calc this for an equal monthly payment and a constant interest rate, over the term but for a variable interest rate you need a spreadsheet.

In the simple case of zero interest assumed throughout the term, present value = current principal balance, but for any positive interest rate, the total present value of the future payment stream is less than the current principal balance.

Posted on Jan 01, 2009

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Posted on Jan 02, 2017

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I am trying to find a way to use my calculator and its financial functions but i have no idea how. i need the present value of $1 and present value of annuity of $1


Neely Neel Neel Neelerson,

--> APPS
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Viola. The initials TVM stand for Time-Value-Money; it's a widely used tool throughout financial mathematics. If you are looking to deal with annuities, bonds, present value equations, future value equations, or even certain stocks then you will want to use the TVM app within your TI-84.

When you go into that menu screen you will see about 10 input lines; and despite how you're being taught you'd be best off using only five (from a mathematical & conceptual standpoint). The backbone of the TVM is the time-zero equation of value. So, all you want to be touching is the N, I/Y, PV, PMT, and FV keys.

Background on TVM:
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NOTE: You MUST make your effective interest term match your number of intervals. For example, an annuity with monthly payments for 5 years with a monthly effective interest rate of 2% would need an N value of 60 (which is 12 months per year times 5 years for a total of 60 months).

There's more that could be said, but I think this should help you find the PV of an annuity.

Go Bulls,



The Math Cheetah
411@themathcheetah.com

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