Question about Texas Instruments TI-30X-IISTK Scientific Calculator

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Compound interest deposit $1000 into an IRA at the end of each year for the next 30 years, counting on the interest rate of 10% per year compounded annually. How much will I have earned from the IRA after 30 years

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Well if you started with zero in the first year, then $164494, of which $30000 was yours, so earnings are 134494.

If you started with $1000, then $181943, of which $31000 was yours, so earnings are $150943

Posted on Nov 21, 2013

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Posted on Jan 02, 2017

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SOURCE: i have a TI30XA and i'm trying to use it to find

A = P(1 + r/q)nq is the formula you use. first write it all out, where P is the principle or $5000, r is the rate of 6%, q is the times per year so it would be 12 if done monthly, and n is how many years which would be 10. hope this helps.

Posted on Apr 28, 2010

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SOURCE: how to calculate continuously compounded interest

Hi, perhaps this pdf helps:
http://education.ti.com/downloads/guidebooks/graphing/83p/83m$book-eng.pdf page 442,
Ronald

Posted on Aug 14, 2012

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An original investment of 10,000 earns 7.50% interest compound continously, What will the investment be worth in 3 years? 30 years?


A=P(1+i)^n, where P is the Principal, i is the interest rate per period, and n is the number of periods.

A=10,000(1+0.075)^3, assuming the interest is compounded annually

For 30 years, we would replace the number of period 3 with a 30.

Good luck,

Paul

Apr 05, 2014 | Texas Instruments TI 30XIIS Scientific...

1 Answer

Compound interest


Assuming the 28k is put in as one lump sum each year and that the interest is compounded annually, then after 15 years I calculate $453,329
You can use the following online calculator to make adjustments, check my calculations, modify any factors, etc...
http://www.bankrate.com/calculators/savings/compound-savings-calculator-tool.aspx

Nov 18, 2013 | Computers & Internet

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We are not obtaining the correct answer when computing the I/Y. The problem is N=30, PV=-500, PMT = 0, FV = 10000. We are getting 126.01


Since you didn't specify what result you were expecting, I can only guess at what you want.

The answer is correct assuming 12 periods per year. To have 500 increase to 10000 in 30 months, you need an annual interest rate of 126%. For a more realistic result, set the number of periods per year to one by pressing 1 SHIFT [P/YR] then repeat the calculation. This will produce 10.5% for the annual interest rate.

Alternatively, if the interest is compounded monthly, specify 360 for N. This will give a value closer to 10% annually, compounded monthly.

Sep 17, 2011 | HP 10bII Calculator

3 Answers

I want to invest $5000 for 10 years through internet at 9% , how much would i get in return?



FV=PV (1+(i/12)^12n
Assuming it's compound interest.
FV=Future Value i= interest Rate n=interest period PV =Present Value
$12,260

May 30, 2011 | Computers & Internet

1 Answer

If I have $100000.00 in a bank account --how much interst income would I get per year


That would depend on the interest rate and the compounding interval. At one percent compounded annually, you would get $1000. At two percent compounded semiannually, you would get $2010.

May 21, 2011 | Canon P23-DH Calculator

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What buttons do I push in what order to figure compound interset. if I start with$15,000.00 at 6% interset for 25 years. I am on a texas instrument ba 2 plus


If the interest is compounded monthly:

2nd [CLR TVM] (clear any existing results)
1 5 0 0 0 _/- PV (present value, negative because you're paying it out)
6 I/Y (annual interest rate)
25 2nd [*P/Y] N (25 years)
CPT FV (compute future value, see 66,974.55)

If the interest is compounded annually:

2nd [CLR TVM] (clear any existing results)
1 5 0 0 0 _/- PV (present value, negative because you're paying it out)
6 I/Y (annual interest rate)
2nd [P/Y] 1 ENTER 2nd [QUIT] (one compounding period per year)
25 N (25 years)
CPT FV (compute future value, see 64,378.96)

Oct 26, 2010 | Texas Instruments BA-II Plus Calculator

1 Answer

I have a TI30XA and i'm trying to use it to find the balance of a compound interest problem. the problem is $5000 is invested at an annual interest rate of 6% for 10 years how can i use the calcuator find...


A = P(1 + r/q)nq is the formula you use. first write it all out, where P is the principle or $5000, r is the rate of 6%, q is the times per year so it would be 12 if done monthly, and n is how many years which would be 10. hope this helps.

Apr 28, 2010 | Texas Instruments BA-II Plus Calculator

2 Answers

TI 83


Yes you can use it, here is the formula: Y= V(t+ (i/c))^(tc) V=amount put in, t=time, i=intrest rate, c= amount of times it is compounded.
(I know this because I have a TI-83 calculator)

Mar 27, 2009 | Texas Instruments TI-83+ Graphing...

4 Answers

I want the excel compound interest formula


=10000*(1+0.96)^12
=10000*(1+0.10)^18
=10000*(1+0.10)^24

Dec 02, 2008 | Microsoft Office Professional 2007 Full...

1 Answer

Need your help


Try the FV function Syntax
FV(rate,nper,pmt,pv,type)

Nov 03, 2007 | Computers & Internet

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