Texas Instruments Business Analyst II Plus Tutorial

Texas Instruments BAII PLUS Calculator Tutorial to accompany stCyr, et. al. Contemporary Financial Management, 1 Canadian Edition, 2004 Version #6, May 5, 2004 By William F. Rentz and Alfred L. Kahl Introduction The Texas Instruments BAII PLUS calculator is an inexpensive tool ($45 to $65) for efficiently solving time value of money or TVM problems. TVM is the focus of Chapter 4. TVM calculations are then used throughout the rest of the book. There are other cheaper financial calculators which can solve simple TVM problems. However the BAII PLUS is the cheapest financial calculator that efficiently performs more complex calculations. Examples from Chapter 4 include the present value of uneven cash flows (pp. 154-156) and a Canadian mortgage payment (p. 166), where the semiannual compounding period differs from the typical monthly, semimonthly, biweekly, or weekly payment period. Turning the Calculator On and Off The [ON/OFF] key is on the upper right corner of the keyboard. We will designate keys throughout this tutorial by the use of brackets. The [ON/OFF] key is a toggle switch. Press it once and the calculator turns on. Press it again and the calculator turns off. If you forget to turn off the calculator, it will automatically turn off about 10 minutes after your last keystroke. Turn on your calculator. The display will show 0.00, unless you have changed the factory default setting of two decimal places. Press [1] [.] [2] [3] [ENTER]. ...