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Texas Instruments Financial Calculator

  • 03-04-2012 01:58PM
    #1
    Registered Users, Registered Users 2 Posts: 4,987 ✭✭✭


    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


Comments

  • Moderators, Science, Health & Environment Moderators, Society & Culture Moderators Posts: 3,373 Mod ✭✭✭✭andrew


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


  • Registered Users, Registered Users 2 Posts: 4,987 ✭✭✭budhabob


    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.


  • Registered Users, Registered Users 2 Posts: 419 ✭✭Mort5000


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


  • Registered Users, Registered Users 2 Posts: 1,470 ✭✭✭Mr_Roger_Bongos


    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.


  • Registered Users, Registered Users 2 Posts: 4,987 ✭✭✭budhabob


    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.


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  • Registered Users, Registered Users 2 Posts: 4,987 ✭✭✭budhabob


    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.


  • Registered Users, Registered Users 2 Posts: 3,096 ✭✭✭An Citeog


    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.


  • Registered Users, Registered Users 2 Posts: 3 lyons1111


    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


  • Registered Users, Registered Users 2 Posts: 4,987 ✭✭✭budhabob


    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.


  • Registered Users, Registered Users 2 Posts: 3 lyons1111


    thanks,

    i ordered it last night, any advice for the exams


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  • Registered Users, Registered Users 2 Posts: 4,987 ✭✭✭budhabob


    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.


  • Registered Users, Registered Users 2 Posts: 3 Purdude


    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?


  • Registered Users, Registered Users 2 Posts: 4,987 ✭✭✭budhabob


    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.


  • Registered Users, Registered Users 2 Posts: 3 Purdude


    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


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