Activities
750
Finding the Future Value of an Annuity
Find the future value of an annuity using the values from the previous example where
the interest rate is 14%.
Computing the Time-Value-of-Money
This activity creates a function that can be used to find the cost of financing an item.
Detailed information about the steps used in this example can be found in
Programming
.
Time-Value-of- Money Function
In the Program Editor, define the following Time-Value-of-Money (
tvm
) function where
temp1
= number of payments,
temp2
= annual interest rate,
temp3
= present value,
temp4
= monthly payment,
temp5
= future value, and
temp6
= begin- or end-of-payment
Enter the equation to solve for
s
.
solve(s=p
†
(1+i)^n,s) | i=.14
and
p=1000
and
n=6
Result: The future value at 14% interest is
2,194.97.
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 ...
Page 456: ...Tables 453 ...
Page 527: ...Data Matrix Editor 524 ...