Time Value of Money Calculations on the BA II Plus Calculator
HTML-код
- Опубликовано: 4 авг 2024
- IMPORTANT: Please set P/Y =1 and C/Y = 1 for the examples in this video:
Press 2nd P/Y (I/Y) = 1 ENTER, 2nd QUIT (CPT)
For examples that require changing P/Y and C/Y, please see the following playlist:
• BA II Plus Calculator
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Problems Solved (Compiled by Andrew Rossman):
Example 1: Laura takes a 15-year, $500 000 mortgage, on a new condo. At an interest rate of 4% (that is compounded monthly), what is the monthly payment?
Example 2:Helene is planning ahead for her daughter Paula’s college tuition. Paula begins college in 5 years and will need $80,000. How much would Helene have to invest today at 6% compounded annually to have $80,000 in 5 years?
Example 3: Josh has an investment account with $50,000. If Josh earns 6% per year and contributes $400 each month, how much will his investments be worth in 10 years?
Example 4: Steven has $25,000 in credit card debt. His credit card charges 2% in monthly interest and Steven pays $1,000 each month toward the balance. If Steven doesn’t make any further purchases, how many months will it take to fully repay his debt?
Example 5: Martin’s savings account has $25,000 today. In 5 years, the account is worth $32,000. What is the annual interest rate?
00:00 Intro
01:24 Ex1-Find Payment
03:11 Ex2-Find PV
04:19 Ex3-Find FV
05:27 Ex4-Find N
06:23 Ex-5-Find I/Y
Great video, but there is an error in example 3. Since payments are made monthly while interest is compounded annually (i.e. payments are more frequent than interest), the annuity is nominal. This problem cannot be solved using the calculator if P/Y isn't changed.
You're right Joshua. There is an assumption missing there ==> The $400 payments are saved up and added to the investment at the end of each year.
Very good video !
im confused so is the video correct for example 3?
and if not why and what is the correct one
as for example 4 why is the i/y 2 since its monthly and your p/y u made it only 1
@@jacea5739 No. Example 3 is not correct as is. P/Y is supposed to be set to 12. But in this video, it is assumed that the $400 payments are applied at the end of each year, totaling $4,800.
@@jacea5739 I/Y = 2 in example 4 because 2% is a periodic (monthly) interest rate, not annual. Hence N is counting the number of months (not the number of years).
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Facts
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Thank you Joshua, this video helped me immensely. You touched on many points that really clarified everything for me. I sent it to my professor so he could share it with my graduate finance class. The way you include the calculator and show which buttons to press in order to get the answer is absolutely golden. Subscribed!
I really like your voice, clear and concise verbiage and the video itself helped me revisit how valuable the TVM functions are on my BA II.
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Thank you for showing the basics-enter your values then select CPT, then what your solving for i.e.PMT. Ugh this calculator has been driving me crazy! Thanks to you I'm solving problems without any issues!
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best tutorial on the BA II so far. Thank you so much for posting
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It helps in preparing for the CFA exam.
This is a great tutorial explaining with button presses exactly how to do basic computations with the BAIIPlus
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For the first calculation I did exactly what you said on my BA II and I came up with a monthly payment of -$2,848.19
same as u lol... did u set any mode for ur calculator?
@@bigbrother9273 No I did not. I even verified that the decimals were set to 2 places.
Jenny Titus Try to reset
I had the same problem before. I reset the calculator by pressing 2nd +|- enter and I finally got the correct answer. Hope this helps.
And remember to press 2nd FV to clear the history before calculating next question.
Thank you very much! Your teaching is so clear and understandable.
today my teacher teach in the class i nearly give up, i found this then i happy to do my finance course. i really appreciate Joshua.
Great video, clear instructions. Thanks a lot!!
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Thank you for posting this video Joshua. This simplified calculations for FVM for me.
omg i had the p/y set to 52 for like 2 weeks and i wondered why i could never get the right answers in class, this video saved me!
Many many thanks...First time I am using my calculator...Ur examples are so clear and easy to understand
Omg thank you so much I was trying to learn to use the calculator while trying to solve these to understand for the exam and you took the time to save me from frustration, THANK YOU!😩
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Glad it was helpful!
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Can i find , by using BA II plus , the balance after 4th payment if the payment is increasing by r% or by “number” ???
Thanks for the tutorial.
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Thanks, O'Neil.
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Mr. Emmanuel, what could be wrong with my CPT button if it is not computing?
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HIGHLY INFORMATIVE FOR BASIC
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Thank you Joshua!
What is the rule on multiplying N X 12 AND Dividing the interest rate by 12. How do you know when to make the present value negative in regards to the example on the $25k in the savings account?
May I ask how to get the emulator. I tried to submit to form on Texas site but fail to do so
Thank you very much, Sir.
You are most welcome
Thank you so much sir!