Using Calculator for annuity/investments

[lance7tour]

Have the following ?s that I have answered using the books required table but now I want to convert the ?s into answers using a BAII Plus calculator. How do I go about getting the answers?

1. Mike plans to deposit 1800 at end of ea yr every 6 months for the next 15 yrs at 8% interest comp annually. What is the value of Mikes annuity at the end of 15 yrs? 100952.82 using table

2. Joe wants to receive 22000 ea yr for the next 22 yrs. Assume a 6% int rate comp annually. How much must Joe invest today? 264915.20 using table

3. In 9 yrs Rollo will have to repay a 100000 loan. assume 6% int rate comp quarterly. How much must Rollo pay ea period to have 100000 at the end of 9 yrs? 2120.00 using table

4. Twice a yr for 15 yrs. warren invested 1700 comp semiannually at 6% int. What is the value of this annuity due? 83304.59 using table

5. Molly invested 1800 semiannually for 23 yrs at 8% int comp semiannually. What is the value of this annuity due? 237501.36 using table

6. Alice decides to invest 400 quarterly for 4 yrs in an ordinary annuity at 8%. What is the total cash value of the annuity at the end of the 4 yrs? 7455.68 using table

7. Al decided to retire in 10 yrs. What amount should Al invest today so he can withdraw 28000 at the end of ea yr for 15 yrs after he retires? Assume int rate of 8% comp annually. 111013.29

8. Jeff borrows 30000, he plans to setup a sinking fund that will repay loan at the end of 8 yrs. Assume a 12% int comp semiannually. What must Jeff pay into the fund each period of time? 1170.00 using table

The answers are correct from my assignment using the provided tables in my practical business math procedures book. But, book doesnt show how you translate the problem using a calculator.

Thanks

 

[nzall]

Before I go any further, I'd like to make the clarification that i might not understand the question all that well. The way I understand it is that your book with exercises has a table that can be interpreted for the answers in some way or the other, but you need to calculate those with a calculator, a BAII plus. Is that correct?

If so, you can find a number of instructional videos at http://www.atomiclearning.com/k12/en/ti_ba2. I personally don't have enough experience with an accounting calculator to be of much more use unfortunately.

 

[mmm4444bot]

I want to convert the ?s into answers using a BAII Plus calculator. How do I go about getting the answers?

Learn how to use the BAII Plus calculator.

Do you have the User Guide for this calculator? Click HERE to download the latest electronic copy from Texas Instruments' web site (PDF file).

I checked out the "Future Value" video at the AtomicLearning link provided by nzall. The video instructions are well-done, although the actual process of using the calculator seemed clumsy.

 

[lance7tour]

Yes, the book contains tables that represent int rate and periods (Table 13-1 amt of annuity, 13-2 pv of annuity, 13-2 sinking fund value) but the assignment which I got right are only reflected with what the tables offer not what the calculation would be with the calculator.

I have figured out how to calculate PV/FV for comp val and pv for the previous chapter both using the table and calculator. Thus the answers are relatively close but in tryin to figure out the other chapter 13, my numbers are not even close.

 

[lance7tour]

attempted to look at the videos from the provided link but you must register and there doesnt seem to be a link to establish an acct so i emailed the company

 

[mmm4444bot]

I watched a video without registering. Maybe that was a freebie.

Regarding the book, I'm talking about the User Guide published by Texas Instruments that comes with the calculator when you buy it. I'm not talking about any course materials that you may have received. (There is no table 13-1 in this book.)

In other words, the User Guide is the same as an owner's manual. It explains how to use the calculator. I provided you with a link for the most-current PDF version of the User Guide.