Question about Texas Instruments TI34 Calculator
I have to enter a formula with parenthesis inside of parenthesis. How do I do that on a TI-34 calculator to solve the formula for finding the future value of ordinary annuities?
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Posted on Jan 02, 2017
SOURCE: Future Value
The example found on Texas Instruments Knowledge Base will demonstrate how to calculate future value on a TI-83 Plus.
The Knowledge Base can be accessed by clicking on the URL below:
Posted on Mar 04, 2008
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Posted on Jan 16, 2011
It's giving you the correct answer for the problem you've input. When you specified 1 for n, you told it one month. If you specify more digits, you'll see that the answer is 1.00833333.
By default, the calculator works with annual interest rates but counts periods in months.
Posted on Feb 23, 2011
SOURCE: i am trying to find
Neely Neel Neel Neelerson,
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:
N = Number of intervals
I/Y = Effective Interest Rate Per Interval (5% is .05 but the computer wants it entered as 5.0)
PV = The Present Value
PMT = Recurring Payment (either deposit or withdrawal)
FV = Future Value
There are like 3 other inputs that I encourage you to ignore (in exchange for learning exactly what's going on within this application).
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.
The Math Cheetah
Posted on Mar 13, 2011
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