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I have a BA II Plus Professional calculator from Texas Instruments.
I need to calculate the resultant rate (given the interest rate and escalation rate) for an annuity with an annual escalation.
The manual is extremely user unfriendly and I can not get it right. What I can do is to calculate the effective rate (if nominal rate and term is given). Can not however find a way to calculate resultant rate.
I also need an easy explanation to calculate the interest and capital components of a certain payment for amoritisation - the manual is also not very clear in this regard.
THank you so much
Ingrid van Wyk
You can't use the calcuator for that you need to use the formula (1+interest/1+escalation) - 1. You then insert the follwoing on the calculator:
1) Number of compounding periods = shift P/YR,
2) Number of Years = Shift xP/YR
3) Number of Years = N
4) -1st cashflow = PMT
5) Resultant rate = I
6) 0 = FV
7) CPT PV
Posted on Aug 22, 2012
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Posted on Jan 02, 2017
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