How To: Calculate compound interest using a TI-84 and solver

This is a video tutorial in the Electronics category where you are going to learn how to calculate compound interest using a TI-84 and solver. Press the apps button on the calculator and press enter to load the TVM Solver which is the 1st choice. Here the meaning of various notations are N is time, I% is the percentage, PV is present value, PMT is payment, FV is future value and C/Y is compounding period. The problem is find the compound amount and the interest earned on $12,903.45 compounded quarterly for 29 quarters at 6.37%. Now put in the values in to the calculator as shown in the video to get the answers which are $20,402.98 and $7499.53.