Page 12 - FINAL CFA I SLIDES JUNE 2019 DAY 2

LOS 6.e: Calculate and interpret the FV & PV Session Unit 2: The Time Value of Money
of a single sum of money, an ordinary annuity,
an annuity due, a perpetuity (PV only), and a
series of unequal cash flows.

Set TI to BGN mode. To switch between BGN & END modes, press:

[2nd] [BGN] [2nd] [SET].
‘
’BGN’’ is Displayed

then [2nd] [QUIT].

• Always have TI on ordinary annuity (END) mode, so remember to
switch back to END mode
• Nothing displays in the upper right corner of the display window

when the TI is set to the END mode).

Alternatively, FVAD = FVAO × (1 + I/Y)