Education Technology

# Knowledge Base

## Solution 11204: Calculating Present Value on the BA-35 Solar.

### How do I calculate present value on the BA-35 Solar?

The example below will demonstrate how to calculate Present Value on the BA-35 Solar.

Example: John Doe wants a savings account with $13,266.49 in it. He will earn 5% interest on his account compounded at the end of the year. What is the present value of the account at the beginning of the 20 years? Solution Steps: • Press the [2nd] key then the[CE/C] key (This will clear the Time-Value-of-Money registers.) • Press [2nd] [FIX] 2 (This will set the display to two decimal places.) • Input 13266.49 and press the [FV] key (This stores 13266.49 in the future value register.) • Input 5 and press the [%i] key (This stores 5 in the interest per year register.) • Input 20 and press the [N] key (This stores 20 in the number of payments register.) • Press the [CPT] key and the [PV] key The present value of John Does savings account is$5,000.