- CFA Exams
- Forums
- Study Lounge
- Topic: BA II Plus Problem, need help please!
| Author | Topic: BA II Plus Problem, need help please! |
|---|---|
| sebspeed @2014-05-23 18:13:39 |
Hi guys, I'm preparing for June 2014 exam, just bought my BA II Plus calculator, got along really well in university and through the curriculum with a Sharp Financial Calculator and math one. However, I seem to have problem with this particular calculator. For example, let's say I want the present value of an annuity that will pay me 1000$ per year for 10 years at a 9% annual rate. I start by CLR TVM, N=10,PMT=1000,I/Y=9,CPT PV=-9599.58$ Which is false because it should give me -6417,66... Anyone can try to help me please |
| schweitzdm @2014-05-24 19:25:28 |
When I do it exactly as you've outlined, I get the correct answer. Are you sure your calculator is configured correctly? Setting up your Calculator via "Mastering Your Financial Calculator - Texas Instruments: TI - BA II Plus" (can be found via google, public pdf file): ƒ Find the 2nd Key in the upper left ƒ Setting the number of decimal places: ƒ 2nd key then Format key ƒDisplay reads DEC 4 then Enter, CE/C to clear display ƒ Setting payments to End of period (if BGN appears in display) ƒ 2nd key then BGN key (display BGN) ƒ2nd key then SET key (display END ƒCE/C to clear display Setting the number of payments per period: ƒ 2nd key then I/Y key ƒDisplay reads P/Y = …. 1 then Enter, CE/C to clear display |
CFA Discussion Topic: BA II Plus Problem, need help please!
I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
