ADMS 3530 Lecture Notes - Lecture 1: Calculator Input Methods, Texas Instruments, Net Present Value

• School: York University
• Department: Administrative Studies
• Course: ADMS 3530
• Professor: Samuel Benchimol

Document Summary

Instructions for using texas instruments ba ii plus calculator by joel barber. Note: an expression in brackets [ ] is a calculator key. [up] is up arrow (third key first row), and [down] is down arrow: set decimal places to four. Press [2nd] [format][ 4] [2nd] [set] [enter] [2nd] [up][up][up][up] [2nd] [set] [enter] [2nd] [quit]: set payments per year (p/y) to one. Press [2nd] [p/y] [1] [enter] [2nd] [quit]: check if payments are end-of-year: press [2nd] [bgn]. If display reads abgn,@ press [2nd] [set], so that display reads aend@. Time value of money problems: present and future value of a lump sum. Define n = number of payments, i/y = interest rate, pv = present value, pmt = These definitions correspond to the third row of keys on your calculator. In lump-sum problem, we are given three of four possible inputs (n, i/y, pv, and fv) and are asked to solve for the one not given.