BA II PLUS™ PROFESSIONAL Calculator
BA II PLUS™ PROFESSIONAL Calculator
BA II PLUS™ PROFESSIONAL Calculator
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To Press Display<br />
Enter number of payments<br />
using payment multiplier.<br />
20 & Z , N= 240.00<br />
Enter interest rate. 7.5 - I/Y= 7.50<br />
Enter amount of payment. 200 S / PMT= -200.00<br />
Compute future value. % 0 FV= 111,438.31<br />
Answer: Depositing $200 at the beginning of each month for 20 years<br />
results in a future amount of $111,438.31.<br />
Example: Computing Amount to Borrow and<br />
Down Payment<br />
You consider buying a car for $15,100. The finance company charges<br />
7.5% APR compounded monthly on a 48-month loan. If you can afford a<br />
monthly payment of $325, how much can you borrow? How much do<br />
you need for a down payment?<br />
To Press Display<br />
Set all variables to defaults. & } ! RST 0.00<br />
Set payments per year to 12. & [ 12<br />
!<br />
P/Y= 12.00<br />
Return to standard-calculator<br />
mode<br />
Enter number of payments using<br />
payment multiplier.<br />
& U 0.00<br />
4 & Z , N= 48.00<br />
Enter interest rate. 7.5 - I/Y= 7.50<br />
Enter payment. 325 S / PMT= -325.00<br />
36 Time-Value-of-Money and Amortization Worksheets
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