Activities
749
Finding the Interest Rate of an Annuity
Perform the following steps to find the interest rate (
i
) of an annuity where the starting
principal (
p
) is 1,000, number of compounding periods (
n
) is 6, and the future value (
s
) is
2,000.
1. On the Home screen, enter the equation
to solve for
p
.
2. Enter the equation to solve for
n
.
3. Enter the equation to solve for i using the
with
operator.
solve(s=p
†
(1+i)^n,i) | s=2000
and
p=1000
and
n=6
Result: The interest rate is 12.246%.
Note:
•
To enter the “
with
” ( | ) operator:
@
Í
•
Press
8 ¸
to obtain a floating-
point result.
Summary of Contents for Titanium TI-89
Page 9: ...Getting Started 6 TI 89 Titanium keys Ë Ì Í Ê ...
Page 34: ...Getting Started 31 2 or D 2 B u s i n e s s D B D B Press Result ...
Page 43: ...Getting Started 40 3 0 D B D D B D Press Result ...
Page 44: ...Getting Started 41 D 2 0 0 2 D B Scroll down to October and press Press Result ...
Page 58: ...Getting Started 55 Example Set split screen mode to TOP BOTTOM Press Result 3 B D ...
Page 70: ...Getting Started 67 ...
Page 175: ...Operating the Calculator 172 From the Keyboard ...
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Page 527: ...Data Matrix Editor 524 ...