Solution 11201: Calculating Future Value (FV) Using the BA-35 Solar Financial Calculator.
How do I calculate future value (FV) using my BA-35 Solar?
The example below will demonstrate how to calculate future value (FV) using the BA-35 Solar.
Example: What is the future value (FV) of a savings account in 20 years if the account currently contains $5,000 (PV) with an annual interest rate of 5% (%i)?
N = 20 %i = 5 PV = 5000 PMT = 0 FV = ?
Solution:
• Press [2nd] [CMR] (this will clear the time value of money variables such as N, PV, etc). • Press [5] [0] [0] [0] [PV] (this stores 5000 in the present value register). • Press [5] [%i] (this stores 5 in the interest per year register). • Press [2] [0] [N] (this stores 20 in the number of payments register). • Press [CPT] [FV] (this computes the future value).
The future value (FV) of the savings account is $13,266.49.
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