Texas Instruments TI-84 User Manual
Page 393
Chapter 14: Applications
390
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
.
3.
Press
} } } } } to place the cursor on the æ
prompt.
4.
Press
ƒ \ to solve for æ, the annual interest
rate.