1. Read the problem thoroughly.

   Remember cash outflows carry a minus sign.

2. Make sure what is being asked in the problem.

   What is the present value of $50,000?

3. Clear the calculator.

   C    C ALL

4. Input the known value.

   5  0  0  0  0  FV

5. Input the number of compounding periods per year.

   2    P/YR

6. Input the annual interest rate.

   6  I/YR

7. Input the total number of compounding periods.

   1  6  N

8. Request the unknown.

   PV

Answer: $31,158.35