BA II PLUS™ PROFESSIONAL Calculator

To Press Display
Enter loan amount. 75000 . PV= 75,000.00õ
Enter payment amount. 425.84 S / PMT= -425.84
Compute interest rate. % - I/Y= 5.50
Answer: The interest rate is 5.5% per year.
Examples: Computing Basic Loan Payments
These examples show you how to compute basic loan payments on a
$75,000 mortgage at 5.5% for 30 years.
Note: After you complete the first example, you should not have to reenter
the values for loan amount and interest rate. The calculator saves
the values you enter for later use.
Computing Monthly Payments
To Press Display
Set payments per year to 12. & [ 12 ! P/Y= 12.00
Return to standard-calculator
mode.
Enter number of payments
using payment multiplier.
& U 0.00
30 & Z , N= 360.00
Enter interest rate. 5.5 - I/Y= 5.50
Enter loan amount. 75000 . PV= 75,000.00õ
Compute payment. % / PMT= -425.84
Answer: The monthly payments are $425.84.
Computing Quarterly Payments
Note: The calculator automatically sets the number of compounding
periods (C/Y) to equal the number of payment periods (P/Y).
To Press Display
Set payments per year to 4. & [ 4 ! P/Y= 4.00
Return to standard-calculator
mode.
Enter number of payments
using payment multiplier.
& U 0.00
30 & Z , N= 120.00
Time-Value-of-Money and Amortization Worksheets 27