Texas Instruments Calculator Benutzerhandbuch

The present value of the savings is $122,891.34 with an ordinary 

annuity and $135,180.48 with an annuity due.

To replace bricks in their highway system, the Land of Oz has issued 
perpetual bonds paying $110 per $1000 bond. What price should you pay 
for the bonds to earn 15% annually?

 You should pay $733.33 for a perpetual ordinary annuity and 

$843.33 for a perpetual annuity due. 

A perpetual annuity can be an ordinary annuity or an annuity due 
consisting of equal payments continuing indefinitely (for example, a 
preferred stock yielding a constant dollar dividend).

Compute present value 
(ordinary annuity).

% .



Set beginning-of-period 
payments.

& ] & V

Return to calculator mode.

& U

Compute present value 
(annuity due).

% .



Calculate the present value for a 
perpetual ordinary annuity.

 

6 

 

2 N

Calculate the present value for a 
perpetual annuity due.

H 

 

N