Can you calculate growing annuity on BA II Plus?
Can you calculate growing annuity on BA II Plus?
The Texas Instruments BAII Plus makes that easy because it has built-in functions that automatically handle annuities. However, there are no functions that can calculate the present value or future value of a growing stream of cash flows.
How do you calculate PMT manually?
To figure your mortgage payment, start by converting your annual interest rate to a monthly interest rate by dividing by 12. Next, add 1 to the monthly rate. Third, multiply the number of years in the term of the mortgage by 12 to calculate the number of monthly payments you’ll make.
How do you calculate yield to maturity on a BA II Plus?
To calculate the YTM, just enter the bond data into the TVM keys. We can find the YTM by solving for I/Y. Enter 6 into N, -961.63 into PV, 40 into PMT, and 1,000 into FV. Now, press CPT I/Y and you should find that the YTM is 4.75%.
What is an annuity factor?
The Annuity Factor is the sum of the discount factors for maturities 1 to n inclusive, when the cost of capital is the same for all relevant maturities. Commonly abbreviated as AF(n,r) or AFn,r. Sometimes also known as the Present Value Interest Factor of an Annuity (PVIFA).
What is the present value of an annuity?
The present value of an annuity is the current value of future payments from an annuity, given a specified rate of return, or discount rate. The higher the discount rate, the lower the present value of the annuity.
What is an annuity due?
Annuity due is an annuity whose payment is due immediately at the beginning of each period. Annuity due can be contrasted with an ordinary annuity where payments are made at the end of each period. A common example of an annuity due payment is rent paid at the beginning of each month.
How do you calculate an annuity due?
What is the Annuity Due Formula?
- Annuity Formula = r * PVA / [{1 – (1 + r)n} * (1 + r)]
- Present Value of Annuity Due = Pmt x [ (1 – 1/(1+r)n) / r ] * (1 + r)
- Future Value of Annuity Due = Pmt * [(1 + r)n – 1] * (1 + r) / r.
How do you clear CF on a financial calculator?
Using the Cash Flow Feature on Your Financial Calculator. Clear the Cash Flow Memory by pushing CF, 2nd and then the CE/C button.
