Solution 21830: Calculating the Present Value of an Annuity on a TI-83 Family, TI-84 Plus Family, or TI-Nspire™ Handheld in TI-84 Plus Mode.
How do I calculate the present value of an annuity on a TI-83 family, TI-84 Plus family, or TI-Nspire handheld in TI-84 Plus mode?A regular annuity is a series of equal cash flows occurring at equally spaced time periods. In a regular annuity, the first cash flow occurs at the end of the first period.
Please see the below example:
Suppose that a client is offered an investment that will pay $5,000 per year for 10 years. If the client can earn a rate of 9% per year on similar investments, how much should the client be willing to pay for this annuity?
To calculate above example please follow steps listed below:
• First, access the TVM solver by pressing [APPS] [ENTER] [ENTER]. On the TI-83, press [2nd] [FINANCE] [ENTER].
• Next press [Clear]   [↓] [Clear]  [↓] [↓] [Clear]     [↓] [Clear]  [↓] [Clear]  [↑]
Next press [↑] [↑] [ALPHA] [SOLVE] to calculate the present value:
The present value is $-32,088.29.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.