The Texas Instrument BA II Plus calculators default to the END setting for annuities. If you need to use the BEGINNING setting for an annuity due, press 2nd PMT (BGN) and then 2nd ENTER (SET). Clear the calculator before you begin your problem. Don't forget to set it back to END when you are done with the annuity due problem by using the same keystrokes.

You plan to invest $3,000 annually. The first $3,000 will be invested on your 21^nd birthday and the last $3,000 will be invested on your 59^th birthday. What is the value of this investment on your 60^th birthday if all invested funds earn 8% annually?