Posted on Jun 19, 2011

Answered by a Fixya Expert

Trustworthy Expert Solutions

At Fixya.com, our trusted experts are meticulously vetted and possess extensive experience in their respective fields. Backed by a community of knowledgeable professionals, our platform ensures that the solutions provided are thoroughly researched and validated.

View Our Top Experts

E just received my TI BAii Plus calculator this morning, and started to follow the instruction in the manual until I got this problem. It's about computing value in savings and computing present value (p.28 in the official manual). This is the example 1 printed in that page: If you open the account with $5,000, how much will you have after 20 years? (with the given interest rate is 0.5% per year) And the instruction : 20 [N] ---> N = 20 .5 [I/Y] ---> I/Y = 0.50 5000 [+/-] [PV] ---> PV = - 5,000.00 [CPT] [FV] ---> FV = 5,524.48 I did the same, and everytime got weird result: FV = 56,802,98. This is way off that I really do not get it. For the record my P/Y=1 and C/Y as well. Could you maybe explain this??

1 Answer

k24674

Texas Instru... Master 8,093 Answers
Posted on Jun 20, 2011

k24674

Texas Instru... Master

Joined: Aug 17, 2009

Answers

8093

Questions

Helped

4675805

Points

21596

I have carried out the same calculation on the CASIO CFX- 9750GPLUS and I got 5524.478.
The only explanation I can think of is that you forgot to clear the worksheets before doing the calculations. You should reset all variables to defaults. To do so, press [2nd][RESET][ENTER].

Add Your Answer

Upload

Upload an image from your computer

Uploading: 0%

my-video-file.mp4

Complete. Click "Add" to insert your video. Add

Loading...

Include an image. It's worth a thousand words.

prev next

Related Questions:

0helpful

1answer

Where is my CFj key?

There isn't one. The TI 30 is a scientific calculator. The cash flow functions are usually limited to the financial calculators such as the TI BAII.

Read full answer

Mar 18, 2012 • Texas Instruments TI 30XIIS Scientific...

1helpful

1answer

All of a sudden my TI BAII Plus calculator is rounding everything off. Obviously I pressed something I shouldn't, but I can't figure out how to disarm this function. I see the 'ROUND'...

Press 2nd [FORMAT] 9 for floating decimal display mode.

You can also use 0-8 to round to that number of digits after the decimal point.

Read full answer

Sep 12, 2011 • Texas Instruments BA-II Plus Calculator

0helpful

1answer

Why can't i see the reboot button

You cannot see a reboot button simply because there is no such button. You can however RESET the calculator. Press 2nd followed by PLUS to open the (MEM)ory management. Then select RESET, and one of the options RAM or Defaults. Follow instructions displayed. Explore them without fear. Nothing will be reset until you accept (validate) the command.

Read full answer

Jun 04, 2011 • Texas Instruments TI-84 Plus Calculator

3helpful

1answer

How to calculate weighted standard deviation using ti baII plus?

Easy,
2nd>7 (DATA)
X01= put the first figure then ENTER
Down arrow two times
X02= put the second figure then ENTER
Down arrow two times .. and so on
till the list finished
press 2nd>8 (STAT)
down arrow
and find your stastics
ENJOY

Read full answer

Dec 02, 2010 • Texas Instruments BA-II Plus Calculator

0helpful

1answer