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FINC 322 - Calculator Tips

# FINC 322 - Calculator Tips - How to use TI BA II Plus FINC...

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How to use TI BA II Plus When you have either single CF or multiple even CFs (annuity) over time, we use the following calculator function: Key Strokes Meaning 2 nd FV 2 nd will choose yellow functions above each button. 2 nd FV will “clear time value of money (CLR TVM),” which means every variable to be used is set to zero. 2 nd I/Y m Enter 2 nd CPT This row is for compounding frequency input 2 nd I/Y means “P/Y”; payments for year= compounding frequency ( m ) Enter will enter the value of m 2 nd CPT will quit this compounding frequency input Type in the knowns This row is for the values for known variables In the 3 rd row of the calculator, we have 5 variables (N I/Y PV PMT FV). o N = i = t * m, where t =number of years; m =compounding frequency o I/Y = r = annual interest rate o PV = present value o PMT = CF = constant periodic CF in annuity; not used for a single CF o FV = future value We will have 3 or 4 knowns depending on the nature of the problem. You will type in those 3 or 4 unknowns by pressing numbers first followed by corresponding variable keys. CPT the unknown

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FINC 322 - Calculator Tips - How to use TI BA II Plus FINC...

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