FVIF is the future value interest factor earned on an amount of $1 for n number of periods. TI BA II plus financial calculator has no functions of its own to find this interest factor however me Abraham A. will now move forward to show you an easy way of finding this factor by using TVM functions found on TI BA II+.
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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.
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
|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|
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