BA_II_Calcuator_Instructions

# BA_II_Calcuator_Instructions - 0.00 Turn the calculator on...

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0.00 Turn the calculator on by hitting the on/off button.

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DEC = 2.00 We want to change the setting to 4 decimal points. We do this by hitting 2 nd and then the decimal point. You will see DEC = 2.00.
DEC = 4.0000 You want to hit 4 and then enter. Your screen should look like this.

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0.0000 You want to clear the screen by hitting the CE/C button. You should see this screen.
I/Y= 1.0000 Now, to change the payments per year, you need to hit 2 nd I/Y. Your screen should look like this.

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I/Y= 12.0000 If you want to change it to monthly payments, you need to hit 12 and then enter. If you want quarterly, 4 and then enter, if you want yearly, 1 and then enter, etc.
0.00 This row is what we use to solve for the Time Value of Money.

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0.0000 N = the number of payments
0.0000 I/Y = the interest rate

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0.0000 PV = Present Value
0.0000 PMT = Payment

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0.0000 FV = Future Value
Practice Problem Now that we know the basics of the calculator, let’s try a practice problem. Jack has \$5,000 and wants to know how

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## This note was uploaded on 04/09/2012 for the course BUSINESS LU124475 taught by Professor Prof.johns during the Spring '09 term at Liberty.

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BA_II_Calcuator_Instructions - 0.00 Turn the calculator on...

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