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BA II PLUS

Advanced Business Analyst Calculator

Quick Guide to Settings and Concepts

Purpose of Guide

This Quick Guide is a supplement to the BA II PLUS Guidebook. It includes brief examples of commonly used BA II PLUS calculator settings and financial management concepts. Refer to your BA II PLUS Guidebook for detailed BA II PLUS instructions. Outside the U.S. and Canada, warranty information may be provided on a separate printed insert.

Keys and & Functions

The primary function of each key is printed on the key. For example, press $ to turn the calculator on or off. Some keys provide a secondary function. The secondary function is printed above the key. When you press the & key, the character, abbreviation, or word printed above a key becomes active for the next keystroke. For example, press & U to leave a prompted worksheet and return to standard-calculator mode.

This Quick Guide is available on the Internet for downloading, printing, and distribution. To access the Guide online, visit:

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The Constant Memoryé feature retains all worksheet values and settings. Any worksheet calculation in progress is canceled. including the display and any error condition. A value of zero is displayed and the values in all of the worksheets are the same as you left them. You can change how many decimal places the calculator displays.0000 0. it may need to be reset.Turning the Calculator On and Off To turn the calculator on: The $ key turns the calculator on or off. and calculation method. Any error condition is cleared. You can display up to eight decimal places. the calculator returns to operation in the standard-calculator mode. until you change it. separators. If the BA II PLUS does not turn on or off and does not respond to keyboard input. including the contents of the 10 memories and all format settings. Please see Resetting the Calculator on page 5 for additional information and instructions. angle units. as are the formats for numbers. If you do not press any key for approximately 10 minutes. dates. the Automatic Power Downè (APDè) feature turns the calculator off automatically.0000 The BA II PLUS displays two decimal places by default. When you press $ to turn the calculator on: ¦ If you turned the calculator off by pressing $. ¦ ¦ ¦ ¦ ¦ Decimal Place Settings To set the number of decimal places to four: Press Display DEC = 4. ¦ To turn the calculator off: When you press $ to turn the calculator off: The displayed value is cleared. returns exactly as you left it. If the APDé feature turned the calculator off. the calculator. &|4! &U This four-decimal setting continues indefinitely (even though the calculator is turned off and on). . Resetting the BA II PLUS erases all data stored in all memories and restores all settings to their factory defaults. Any unfinished standard-calculator operation is canceled.

What is the future value of $1.0000 1.0000 &^ 1S. C/Y) The BA II PLUS defaults to 12 payments per year (P/Y) and 12 compounding periods per year (C/Y). & [ 12 ! # 4! &U 12. You can change one or both of the settings to any number.Payment and Compounding Settings (P/Y.0000 To calculate the future value of a dollar: The P/Y and C/Y settings continue indefinitely (even though the calculator is turned off and on).4026 .0000 0. until you change them.0000 12.0000 7. You may want to set the P/Y to a different number than the C/Y.00 invested for five years at an interest rate of 7% compounded annually? For this example.0000 PV = N= I/Y = FV = L1. Press Display 0. To set both the P/Y and the C/Y to 1: Press Display P/Y = C/Y = &[1! # &U 1. 7%0 ! 1.0000 4. The examples below assume the BA II PLUS is set to four decimal places.0000 To set the P/Y to 12 and the C/Y to 4: Press Display P/Y = C/Y = C/Y = The above example shows annual compounding. The following example shows how to set the BA II PLUS for a monthly payment that is compounded quarterly.0000 5.0000 0. set P/Y and C/Y to 1. 5.

until you change it.0000 A small BGN appears above the number display. The BGN setting continues indefinitely (even though the calculator is turned off and on). " . The BA II PLUS default setting is END.Beginning.0000 The BA II PLUS can assume that payments occur either at the beginning (BGN) of a period or at the end (END) of a period. the & V keys act as a toggle switch between BGN and END. &] &V P To set the calculator back to end-of-period: Press Display BGN END 0. indicating the mode is beginning-of-period.and End-of-Period Settings (BGN and END) To set the calculator to beginning-of-period: Press Display END BGN 0. &] &V P Once you press & ].

turn the unit over and insert a small.Resetting the Calculator Important: Reset the BA II PLUS only when you want to erase all data stored in all memories and restore all settings to their factory defaults. Pressing the RESET button has the same effect as pressing & } and performs the same reset actions as described above. Reverts to end-of-period payments (END). To reset the BA II PLUS. Refer to the Notes section for each worksheet in the BA II PLUS Guidebook to see how reset affects specific worksheets. This may be useful if the BA II PLUS appears to be “locked up” and does not respond to keyboard input. thin object into the recessed area below the word RESET. Pressing the RESET button (located on the back of the calculator) causes an immediate reset. Resetting the calculator: ¦ ¦ ¦ ¦ ¦ ¦ ¦ Reverts decimals to two places. Clears the display and any unfinished calculation. Returns the calculator to standard-calculator mode. # . Reverts P/Y and C/Y to 12. the BA II PLUS returns to operation in the standard-calculator mode. without a cancellation option. Clears all worksheet data and restores the default worksheet settings. To clear all data and restore the calculator to factory defaults: Press Display RST? Lets you reconsider resetting the calculator &} You have two options: ¦ P — or — (To cancel the reset operation) ¦ ! (To reset the calculator) To reset the BA II PLUS using the RESET button: Whether you cancel or reset the calculator. Erases all numbers stored in all ten memories.

Clearing the Calculator To clear the calculator: Press Clearing the calculator is different from resetting it. whereas resetting the calculator clears all data and restores all settings to factory defaults. but not yet entered. FV) in the TVM (TimeValue-of-Money) worksheet A prompted worksheet (other than TVM) Also returns you to the first variable in the worksheet All values stored in all 10 memories * P &U PP P&^ &z* &{ &z* 0 D and the key for the number of the memory (0-9) One memory * You must be in the worksheet you want to clear before using & z. To clear One character at a time (including decimal points) An incorrect entry. an error condition. variable value in a prompted worksheet — or — Out of a prompted worksheet and return to standardcalculator mode (values previously entered remain in the prompted worksheet) All values (N. PV. You can clear one or more values while retaining other data. $ . I/Y. PMT. or error message All pending operations in standard-calculator mode — or — Out of a prompted worksheet and return to standardcalculator mode (values previously entered remain in the prompted worksheet) An unfinished calculation — or — A keyed. Refer to the Notes section for each worksheet in the BA II PLUS Guidebook to see how clearing affects specific worksheets.

Time-Value-of-Money (TVM) The TVM concept assumes a dollar today is worth more than a dollar in the future because the dollar received today can earn interest until the time the future dollar is received. Variable Key Meaning Total number of payment periods Annual interest rate Present value Payment amount Future value . % . You can check the value of any variable during the calculation by pressing J and the variable key. Changing one variable does not affect either entered or calculated values in the other variables. P &^ 0. . and savings. which you can enter in any sequence. / 0 Positive and negative cash flows You will usually enter three variables and calculate the fourth. each Time-Value-of-Money problem will have at least two cash flows: one must be an outflow which is entered or computed as a negative value. you will enter four variables and calculate the fifth. mortgages. the other must be an inflow which is entered or computed as a positive number. In some 0 calculations. Use the TVM worksheet to analyze equal cash flows such as loans.00 0. leases. TVM variables There are five TVM variables. annuities.00 The TVM examples use a two-decimal setting. To clear the TVM worksheet: Press Display In general.

you could determine the interest rate you would need.90 L358. Press Display N= I/Y = 48.50 Payment per month You can always change one or more variables and recompute.9 %/ I/Y = PMT = 6. how much will you pay per month if you spread your payments over four years? For this example. & . without disturbing the other TVM variables.00 12 payments per year for four years 15000 . N= 59. 48 .00 48. 6.9%. increasing your payment term to 60 months (five years) seems to be the most viable option.12 If you want to repay the loan within four years. %- Since you probably won’t find an interest rate that low. set the BA II PLUS to: ¦ ¦ ¦ ¦ Two decimal places 12 for P/Y and C/Y End-of-period payment Clear the TVM worksheet (see page 7) Do not clear the TVM worksheet again until you have completed the entire car payment example.00. Press Display PV = N= 15.000.Time-Value-of-Money (TVM) (continued) To calculate a car payment: If your loan amount is $15. The next example changes the payment variable.00 L1. Press Display PMT = L300.00 Payment is a negative number Almost five years 300 S / %.000 with an interest rate of 6. but need the payment to remain $300.98 48 .

00 12 payments per year for 30 years Payment per month 150000 . set the BA II PLUS to: ¦ ¦ ¦ ¦ Two decimal places 12 for P/Y and C/Y End-of-period payment Clear the TVM worksheet (see page 7) Press Display PV = I/Y = N= 150.656. 92000 S .00 360. set the BA II PLUS to: ¦ ¦ ¦ ¦ Two decimal places 1 for P/Y and C/Y End-of-period payment Clear the TVM worksheet (see page 7) Press Display N= I/Y = PV = FV = 7. 830 & Z .00 L2.000.00 invested for 7 years at an annual percentage yield (APY) of 9? For this example.08. %0 The future value is $3.000 with an interest rate of 8%.65. %/ PMT = L1.Time-Value-of-Money (TVM) (continued) To calculate a mortgage payment: If your mortgage amount is $150. how much will you pay per month if you spread your payments over thirty years? For this example. 7.65 To calculate the future value of a current amount: What is the future value of $2.100.08 Your monthly payment will be $1.000.00 3.00 8.00 9.100.000.656. ' .

you could retire and receive $8. 6%/ I/Y = PMT = 6.000.00 8. compounded monthly.00 by age 60. .90 per month is too much.00 8. Rather than seeing how much you need to save each month.000.00? For this example: ¦ Clear the TVM worksheet (see page 7) Press Display PV = N= I/Y = PMT = L1.000.000.000. how much do you need to save each month? In this example.40 per month for 20 years. what will be your monthly income from the $1.000.00 12 monthly payments for 35 years 1000000 0 420 .00 420.40 This is a negative number Months from age 60 to 80 Compounded monthly 1000000 S .000. 8%/ If you saved $1.000. you can change one or more variables and recompute. For this example.00. your savings account pays 6% interest. Assuming you will live 20 years after retiring at age 60.000.000. the next example forecasts your monthly income.364.00 L701.00 240.90 To calculate monthly income: If saving $701. set the BA II PLUS to: ¦ ¦ ¦ ¦ Two decimal places 12 for P/Y and C/Y End-of-period payment Clear the TVM worksheet (see page 7) Press Display FV = N= 1. and will earn 8% on your investments. 240 .Time-Value-of-Money (TVM) (continued) To calculate monthly retirement income: If you are 25 years old and want to retire at age 60 with $1.364.

Bond Valuation You can use the BA II PLUS to calculate bond maturity based on either an even or uneven number of years.0000 L846. FV = PV = 1. An uneven number of years means that the month and/or day vary. set the BA II PLUS to: ¦ ¦ ¦ ¦ 2 for P/Y and C/Y 4 decimal places End-of-period payment Clear the TVM worksheet (page 7) Press Display N= I/Y = PMT = 30. Your required rate of return is 10%.2755 .00 and a coupon rate of 8%. with only the year changing.000.000. 10 40 / 1000 0 %. For bond maturity based on an even number of years. An even number of years means that the month and day of the start and maturity dates are the same. Assume the current date is January 1. 1999 and you want to know the value of a bond that matures in 15 years (on January 1.0000 2 payments Q 15 years Annual interest rate 8% interest P 2 coupon payments per year Face value Present value 30 .0000 10. in addition to the year. 2014). For this example. use either the: ¦ ¦ TVM worksheet — or — Bond worksheet For bond maturity based on an uneven number of years. which is paid semi-annually.0000 40. The bond has a face value of $1. use the: ¦ Bond worksheet To calculate the value of a bond using the TVM worksheet: Examples of using both worksheets to calculate the value of a bond for an even number of years follow.

0000 8. Press Display SDT = (Old contents) Access the worksheet (Old contents) You must be in a worksheet before you can clear it SDT = CPN = CPN = RDT = RDT = RV = ACT 360 2/Y YLD = YLD = PRI = PRI = 0.0000 100% of redemption value Actual day-count method 360 day-count method* Two coupons per year * Bonds are usually calculated on a 360 day year.0000 10. Refer to Chapter 5 of your BA II PLUS Guidebook for Bond worksheet details.0000 Yield to redemption 0. .6275 100% of redemption value 1-01-1999 0.Bond Valuation (continued) To calculate the value of this bond using the Bond worksheet: Next.0000 84.0114 ! # # &V # # 10 ! # % 100.0000 Coupon rate in percent (Old contents) 1-01-2014 Redemption date Start date &l &z 1. the Bond worksheet is used to calculate the example from the previous page.0199 ! # 8! # 1. rather than a 365 day year.

00 ! .000. Over the next six periods. Refer to Chapter 2 of your BA II PLUS Guidebook for an overview of worksheet operations. 1 2 3 Cash Flow Estimate 3.00 5.000 5.000 1 2-5 6 Next. you will access and clear the Cash Flow worksheet.00 1. enter the data.000 each year 4. compute the IRR.000. Press Display CFo = 0.Cash Flow Analysis (CF) The BA II PLUS Cash Flow worksheet analyzes unequal cash flows by calculating the internal rate of return (IRR) and/or net present value (NPV). look for small words and symbols that appear in the top line of the display.00 3. Year Cash Flow No. To calculate the IRR and NPV for a cash investment: This example assumes you have an investment of $7. While using any BA II PLUS prompted worksheet. and compute the NPV using an interest rate per period (I) of 20%. and to Chapter 4 for Cash Flow worksheet details.000 that is projected to generate a 20% return.000.00 You must be in a worksheet before you can clear it Initial cash flow Cash flow for first year Frequency of C01 is 1 '&z 7000 S ! # 3000 ! # # 5000 ! #4! CFo = C01 = F01 = C02 = F02 = L7.000. the investment will generate the cash flows shown below.00 4. which represents cash flows for years two through five Cash flow for sixth year Frequency of C03 is 1 # 4000 ! # C03 = F03 = 4. These help you to remember what you can and cannot do within a worksheet.00 Frequency of C02 is 4.00 1.

00 Look for the word Compute in small letters at the top of the display Look for an asterisk (*) in the display ) % IRR = 55. If you enter a different interest rate and press # %.99 Compute the net present value When the word Enter appears in the display.63 To compute the net present value (NPV). the computed NPV reflects the change. " . it means you can enter a different interest rate.625.00 7.00 When the word Compute appears in the display. you can press " to return to the interest rate and change it again. ( Look for the word Enter in small letters at the top of the display 20 ! #% I= NPV = 20. The asterisk (*) indicates a computed answer.Cash Flow Analysis (CF) (continued) To compute the internal rate of return (IRR): Press Display IRR = 0. When the NPV displays. using a 20% interest rate: Press Display I= 0. it means the only function you can perform is to compute the value of IRR.

Clearing the Statistics Worksheet The Statistics worksheet is comprised of two portions. if any &j &z To access the statistical calculation portion of the worksheet: You do not need to clear the statistical calculation portion of the worksheet because clearing the data portion of the Statistics worksheet leaves zero data to compute. You must be in a worksheet before you can use & z to clear it. The other calculation methods are: ¦ ¦ ¦ ¦ Ln EXP PWR 1-V Logarithmic regression Exponential regression Power regression One-variable statistics If the data portion of the worksheet contains information. data entry and statistical calculation. Refer to Chapter 7 of your BA II PLUS Guidebook for Statistics worksheet details. press # to step through the calculated values. Be sure you are in the correct portion of the Statistics worksheet before you clear it.00 Old contents appear. an error message appears when you press #. Press Display LIN Standard linear regression &k Press & V to display other statistics calculation methods. To access and clear the data-entry portion of the worksheet: Press Display X01 X01 = 0. You enter values in the data-entry portion and compute results in the statistical-calculation portion. # . If the data portion of the worksheet does not contain information.

00 10 D 1 20 D 2 To add stored values and store the sum in memory: You can perform mathematical operations other than addition on stored numbers. You can perform memory operations in either the standard-calculator mode or in the Memory worksheet. press # to return to M0. The memories are numbered 0 through 9.00 20. To store a value in memory: This example shows how to store the number 10 in memory 1 and the number 20 in memory 2.00 30. Press Display M0 = 0. or you can use the Memory worksheet to display stored values.00 30.00 After displaying M9.00 20.00 30.00 You access the Memory worksheet &{ # # # (repeat to display other memory values) M1 = M2 = M3 = 10. Press Display 10.Storing and Using Values in Memory The BA II PLUS has 10 separate memories.00 20. Repeat the process to store numbers in other memories.00 J1H J2 N D3 To display each value stored in memory: You can press J and a digit key 0 through 9 to display a previously stored value. Refer to pages 1-16 and 8-19 in your BA II PLUS Guidebook for Memory details. $ . Press Display 10. This example uses the Memory worksheet.

Press Display 0. Press Display M0 = M0 = 0.00. A new value overwrites a previously stored value. if any &{ &z % .00 0.Storing and Using Values in Memory (continued) To clear a stored value from memory: You can clear a value without disturbing values stored in other memories. Storing a value of zero is the same as clearing the memory.00 0.00 0D1 0D2 0D3 To clear all stored values from all memories: This erases all numbers stored in all memories and reverts M0 through M9 to 0.00 Old contents appear.

Keown. and Joseph D. Upper Saddle River.J.. Prentice Hall. Andrew. Adapted from Corporate Financial Management.. N.. a Simon & Shuster Company. Timothy J. Scott. & . David F. Prentice-Hall. Inc. NJ 1996.Acknowledgments/Bibliography: Appreciation goes to the following for their contributions to the BA II PLUS Quick Guide: Emery. NJ 1997. Douglas R. Gallagher. William Petty. Corporate Financial Management. Financial Management Principles and Practice. Upper Saddle River.. Basic Financial Management Seventh Edition. John D. By permission of the publisher. Prentice-Hall. Martin.. Arthur J. Upper Saddle River. Upper Saddle River.. a Simon & Shuster Company.. Prentice-Hall. Inc. and John D.. and J. All rights reserved. a Simon & Shuster Company. NJ 1997. Basic Financial Management Seventh Edition. Inc. and Financial Management Principles and Practice © 1996 and 1997. Finnerty. Inc. Jr. Jr.

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