Question about Texas Instruments BA-II Plus Calculator
I've just received my TI BAii Plus calculator this morning, and started to follow the instruction in the manual until I got this problem. It's about computing value in savings and computing present value (p.28 in the official manual).
This is the example 1 printed in that page: If you open the account with $5,000, how much will you have after 20 years? (with the given interest rate is 0.5% per year)
And the instruction :
20 [N] ---> N = 20
.5 [I/Y] ---> I/Y = 0.50
5000 [+/-] [PV] ---> PV = - 5,000.00
[CPT] [FV] ---> FV = 5,524.48
I did the same, and got the result : FV = 5,041.83. I didn't do anything differently from the instruction.
The 2nd example in that page is about computing present value: How much money must you deposit to have $10,000 in 20 years ? (the interest rate is still 0.5%/year)
And the instruction : 10000 [FV] ---> FV = 10,000.00
[CPT] [PV] ---> PV = -9,050.63
I followed that in my calculator, and I got PV = -9,917.03.
I tried hard reseting my calculator, but it still got the same mistake. Is that my calculator's fault ? What should I do ?
You have the payments-per-year set to 12. For this pair of problems, it needs to be set to 1.
Press 2nd [P/Y] 1 ENTER.
Posted on Nov 26, 2010
a 6ya expert can help you resolve that issue over the phone in a minute or two.
best thing about this new service is that you are never placed on hold and get to talk to real repairmen in the US.
the service is completely free and covers almost anything you can think of (from cars to computers, handyman, and even drones).
click here to download the app (for users in the US for now) and get all the help you need.
Posted on Jan 02, 2017
Tips for a great answer:
Jun 19, 2011 | Texas Instruments BA-II Plus Calculator
Oct 27, 2010 | Texas Instruments BA-II Plus Calculator
Feb 14, 2010 | Texas Instruments BA-II Plus Calculator
Jun 22, 2009 | Texas Instruments TI-83 Plus Calculator
Mar 27, 2009 | Texas Instruments BA-II Plus Calculator
Jan 15, 2009 | Texas Instruments BA-II Plus Calculator
Jan 12, 2009 | Texas Instruments BA-II Plus Calculator
Jan 16, 2008 | Texas Instruments BA-II Plus Calculator
Sep 11, 2014 | Texas Instruments BA-II Plus Calculator
286 people viewed this question
Usually answered in minutes!
Level 3 Expert
Level 3 Expert
Level 2 Expert