{"id":18672,"date":"2016-11-09T18:17:52","date_gmt":"2016-11-09T18:17:52","guid":{"rendered":"http:\/\/www.oracletutoring.ca\/blog\/?p=18672"},"modified":"2016-11-09T18:17:52","modified_gmt":"2016-11-09T18:17:52","slug":"financial-calculators-ti-ba-35-finding-account-balance-after-regular-deposits","status":"publish","type":"post","link":"https:\/\/www.oracletutoring.ca\/blog\/financial-calculators-ti-ba-35-finding-account-balance-after-regular-deposits\/","title":{"rendered":"Financial calculators: TI BA-35: finding account balance after regular deposits"},"content":{"rendered":"

The tutor shows how to find the balance of a savings account after monthly deposits over a period of years, using the Texas Instruments BA-35.<\/h1>\n

Example: $100 is deposited into a savings account each month for five years. If the interest is 3.25% compounded monthly, what will the end balance be?<\/p>\n

Solution:<\/p>\n

    \n
  1. \nClear the calculator by pressing 2nd FRQ, then 2nd N.<\/li>\n
  2. \nKey the following inputs: 100 PMT 3.25\u00f712= %i 5×12= N 0 PV CPT FV<\/li>\n
  3. \nHopefully you receive the answer -6505.475. The negative simply means “output”, while the deposits were “input”.<\/li>\n<\/ol>\n

    This calculation assumes end-of-month deposits. The BA-35 I’m using predates the solar; it doesn’t have a BGN function. It has DUE, which apparently can be used to calculate payments received from an annuity due (beginning-of-month), but can’t be used to set deposits to beginning-of-month. (This is as far as I can tell, anyway.) The solar BA-35, however, does have a BGN function for that purpose.<\/p>\n

    HTH:)<\/p>\n

    Source:<\/p>\n

    BA-35 Solar Quick Reference Guide<\/u>.<\/p>\n

    Jack of Oracle Tutoring by Jack and Diane,<\/a> Campbell River, BC.<\/p>\n","protected":false},"excerpt":{"rendered":"

    The tutor shows how to find the balance of a savings account after monthly deposits over a period of years, using the Texas Instruments BA-35. Example: $100 is deposited into a savings account each month for five years. If the …<\/p>\n

    Financial calculators: TI BA-35: finding account balance after regular deposits<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[371,90,2014,3],"tags":[592,2015,263],"class_list":["post-18672","post","type-post","status-publish","format-standard","hentry","category-business","category-calculator-usage","category-financial-math","category-math","tag-annuity","tag-savings-balance-w-regular-deposits","tag-ti-ba-35"],"_links":{"self":[{"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/posts\/18672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/comments?post=18672"}],"version-history":[{"count":5,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/posts\/18672\/revisions"}],"predecessor-version":[{"id":18677,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/posts\/18672\/revisions\/18677"}],"wp:attachment":[{"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/media?parent=18672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/categories?post=18672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/tags?post=18672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}