Texas Instruments Financial Calculator

budhabob · 03-04-2012 02:58PM #1

Hi all,

Apologies if this is the wrong place, I'm just not quite sure where would be right. Basically I'm doing a part time course, and one of the modules is corporate finance. In one of the assignments we have to use a financial calculator to determine the yield to maturity (or cost of debt). I purchased a Texas Instruments BA II Plus. When I input the data as instructed (by Youtube and googling) I appear to be getting a wrong answer. I have done this for examples in the book, and my answer is VERY different.

Example is n=7, FV = 1000, PV = (-)1040, PMT = 70.

The answer should be i = 6.28%, however I magically get 251.06*.

Have I this in the wrong settings eg rads v's degs in a scientific calculator.

Any advice is most appreciated.

Regards,

Rob

andrew · 03-04-2012 10:40PM

moved here, because I figure its more likely that someone here uses that kind of calculator

budhabob · 04-04-2012 10:34AM

andrew wrote: »

moved here, because I figure its more likely that someone here uses that kind of calculator

Thanks for that. I have downloaded an APP for my phone that works....unfortunately I need to know how to use the calculator for the exam. At least I can finish the assignment for now.

Any advice on the calculator is most appreciated.

Mort5000 · 05-04-2012 05:37AM

You could have a look at TI's support area: Support by Texas Instruments

Mr_Roger_Bongos · 05-04-2012 07:37AM

The calculator should have come with an instruction booklet. These normally indicate the specific order in which you have to key in the variables before hitting equals/calculate.

I have the HP alternative so can't help you with the TI.

budhabob · 05-04-2012 08:36AM

Mr_Roger_Bongos wrote: »

The calculator should have come with an instruction booklet. These normally indicate the specific order in which you have to key in the variables before hitting equals/calculate.

I have the HP alternative so can't help you with the TI.

Thanks I have the booklet, and I believe I'm inputting data correctly (based on a youtube tutorial also). I'll figure it out eventually. Thanks again.

budhabob · 05-04-2012 08:46AM

Mort5000 wrote: »

You could have a look at TI's support area: Support by Texas Instruments

Thanks for that, I just sent them off a similar query.

An Citeog · 06-04-2012 01:58PM

budhabob wrote: »

Hi all,

Apologies if this is the wrong place, I'm just not quite sure where would be right. Basically I'm doing a part time course, and one of the modules is corporate finance. In one of the assignments we have to use a financial calculator to determine the yield to maturity (or cost of debt). I purchased a Texas Instruments BA II Plus. When I input the data as instructed (by Youtube and googling) I appear to be getting a wrong answer. I have done this for examples in the book, and my answer is VERY different.

Example is n=7, FV = 1000, PV = (-)1040, PMT = 70.

The answer should be i = 6.28%, however I magically get 251.06*.

Have I this in the wrong settings eg rads v's degs in a scientific calculator.

Any advice is most appreciated.

Regards,

Rob

You're definitely doing something wrong. Try entering the following:

7 --> N

1000 --> FV

-1040 --> PV

70 --> PMT

CPT --> I/Y

That should give you 6.28%.

If it doesn't work, have a flick through the manual and see if any of your settings have been or need to be adjusted.

lyons1111 · 14-07-2012 10:21AM

does any one know if i can purchase the Texas Instruments BA II PLUS Financial calculator calculator in Dublin I am sitting the level one exams in Dec,

thanks

budhabob · 14-07-2012 09:41PM

lyons1111 wrote: »

does any one know if i can purchase the Texas Instruments BA II PLUS Financial calculator calculator in Dublin I am sitting the level one exams in Dec,

thanks

Everyone I know ended up buying the calculators online. I bought mine on Amazon.

lyons1111 · 15-07-2012 11:02AM

thanks,

i ordered it last night, any advice for the exams

budhabob · 15-07-2012 04:55PM

lyons1111 wrote: »

thanks,

i ordered it last night, any advice for the exams

Depends on the subject. I'd recommend plenty of practice with the new calculator and also bring a calculator you're familiar with. That's what I did. Means your faster doing basic calcs.

Purdude · 17-10-2012 05:41PM

budhabob wrote: »

Depends on the subject. I'd recommend plenty of practice with the new calculator and also bring a calculator you're familiar with. That's what I did. Means your faster doing basic calcs.

Hi old thread but I'm struggling to get a place on amazon to deliver the cfa calculator to Ireland. Did you have this problem?

budhabob · 17-10-2012 08:45PM

Purdude wrote: »

Hi old thread but I'm struggling to get a place on amazon to deliver the cfa calculator to Ireland. Did you have this problem?

Hi Pardude, I ordered from "barbeque" I think, and they delivered to ireland no bother.

Purdude · 18-10-2012 08:41AM

Purdude wrote: »

Hi old thread but I'm struggling to get a place on amazon to deliver the cfa calculator to Ireland. Did you have this problem?

Thanks for the tip

Texas Instruments Financial Calculator

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