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TI-83 Plus Applications 442
Getting Started: Computing Compound
Interest
At what annual interest rate, compounded monthly, will 1,250 accumulate to 2,000
in 7 years?
Note: Because there are no payments when you solve compound interest
problems,
PMT
must be set to
0
and
P/Y
must be
set to
1
.
1. Press
Œ
Í
to select
1:Finance
from the
APPLICATIONS
menu.
2. Press
Í
to select
1:TVM Solver
from the
CALC VARS
menu. The
TVM
Solver
is displayed.
Press
7
to enter the number of periods in years.
Press
†
†
Ì
1250
to enter the present value
as a cash outflow (investment). Press
†
0
to
specify no payments. Press
†
2000
to enter the
future value as a cash inflow (return). Press
†
1
to enter payment periods per year. Press
†
12
to set compounding periods per year to
12
.
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