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BA II Plus: Future Value Step by Step
Exact BA II Plus TVM keystrokes to calculate future value for CFA Level I lump-sum problems.
TL;DR
Future value problems use the TVM row. Clear TVM, enter N, I/Y, PV, and PMT, then compute FV. Treat the initial investment as a negative cash flow.
Formula Reference
Future value
FV = PV x (1 + r)^nUse when a single present cash flow compounds for n periods.
BA II Plus Keystrokes
- 2nd CLR TVM
- Enter the number of periods and press N
- Enter the periodic interest rate as a percent and press I/Y
- Enter the present value, press +/-, then PV
- Enter 0 and press PMT
- Press CPT FV
Worked Example
- Problem: Invest $5,000 for 6 years at 7 percent.
- Keystrokes: 2nd CLR TVM; 6 N; 7 I/Y; 5000 +/- PV; 0 PMT; CPT FV.
- Result: FV is about $7,503.65.
Common Mistakes
- Leaving a prior PMT value in memory.
- Entering the investment as positive and getting a negative FV.
- Using 0.07 in I/Y instead of 7.
Related Guides
- Time Value of Money Calculations on the BA II Plus - CFA Level I TVM reference for present value, future value, annuities, perpetuities, and BA II Plus inputs.
- BA II Plus: Present Value Step by Step - Exact BA II Plus TVM keystrokes to calculate present value from a future cash flow.
- BA II Plus Calculator Shortcuts for CFA Level I - Fast BA II Plus workflows for clearing registers, storing values, changing signs, and avoiding exam-day calculator errors.