TI-83 Plus Applications 442
Getting Started: Computing CompoundInterest
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.