With this tutorial on Texas Instruments BA II Plus, you will learn how to find FVIF or Future Value Interest Factor of $1 at i% interest rate for n periods.
FVIF Example
We will illustrate how you can use TI BA II Plus to find FVIF or future value interest factor of $1 at 8% interest rate for a period 13 years. How do we find the FVIF with TI BA II Plus
FVIF Step by Step using TI BA II Plus
| To | Press | Display | |||
| Set all variables to default | 2nd | reset | enter | RST | 0.00 |
| Enter interest rate per payment period | 8 | I/Y | I/Y= | 8.00 | |
| Enter Cash Flow | 1 | +/- | PV | PV= | -1.00 |
| Enter number of periods | 13 | N | N= | 13.00 | |
| Compute future value | CPT | FV | FVIF= | 2.7196 | |