The Texas Instruments BA II Plus financial calculator has built-in functions to solve business and financial problems related to time value of money, bond pricing, interest rates, break-even analysis, depreciation, amortization and profitability. The intuitive functionality of this calculator makes
The Texas Instruments BA II Plus financial calculator has built-in functions to solve business and financial problems related to time value of money, bond pricing, interest rates, break-even analysis, depreciation, amortization and profitability. The intuitive functionality of this calculator makes it a favorite among finance professors and financial analysts.
Time Value of Money
Time value of money is a basic and important concept in finance, and this calculator features a row of function keys that allow you to solve for any unknown, including N (number of payments), I/Y (interest rate), PV (present value), PMT (payment) or FV (future value). For example, compute a payment on a five-year, $75,000 loan at a 7 percent interest rate by entering PV=75000, FV=0, N=60, and I/Y=7/12. Compute a payment by pressing the CPT and PMT buttons. The result is a loan payment of $1,485.09.
You can access a cash flow worksheet for unequal periodic cash flows with the CF key. Putting numbers into this cash flow worksheet allows you to solve for net present value and internal rate of return with the NPV and IRR buttons.
The Texas Instruments financial calculator includes a loan amortization worksheet that you access by pressing the AMORT key. The amortization function allows you to quickly and easily find a loan balance,