Education Technology

Solution 11930: Calculating Present Value (PV) on a TI-83 Family, TI-84 Plus Family and TI-Nspire™ Handheld in TI-84 Plus Mode.

How do I calculate present value (PV) on a TI-83 family, TI-84 Plus family and TI-Nspire handheld in TI-84 Plus mode?

The example below will demonstrate how to calculate the present value (PV) using a TI-83 family, TI-84 Plus family and TI-Nspire handheld in TI-84 Plus mode.

Example: What is the Present Value of a savings account with an annual interest rate of 5% with $13,266.49 at the end of 20 years?

• Press [APPS] [1] to select the "Finance" application. If using a TI-83 calculator, press [2nd] [x-1]. Press [ENTER] to select the "TVM Solver..."
• For N=, input 20.
• For I%=, input 5.
• Since the user is solving for PV, input zero (0) since the value is unknown.
• For PMT=, input 0.
• For FV=, input 13266.49.

NOTE: Make sure both the P/Y and C/Y are equal to 1.

• Scroll back up to PV, then press [ALPHA] [ENTER] to "SOLVE".

Please see the TI-83 family and TI-84 Plus family guidebooks for additional information.

NOTE: TI-Nspire handheld in TI-84 Plus mode users may refer to the TI-84 Plus family guidebook.