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Prabhu Posted on Aug 25, 2012
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My BA II plus professional showing wrong answer while computing "N" during TVM calculation

My BA II plus professional shows wrong answer when I try computing N after entering I/Y=9, FV=920, PMT=-100, CPT---> N. Correct answer is 7 but my caclculator shows -20.425!! Please can someone help fix this?

  • Gunjan Chauhan
    Gunjan Chauhan May 24, 2019

    I'm also facing the same problem. Can anyone help ?

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1 Answer

kakima

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  • Texas Instru... Master 102,366 Answers
  • Posted on Aug 26, 2012
kakima
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Make sure you have P/Y set to 1 and BGN/END set to END. With those settings, pressing 9 I/Y 9 2 0 FV 1 0 0 +/- PMT CPT N should produce 7.00 .

1 Related Answer

kakima

  • 102366 Answers
  • Posted on Feb 23, 2011

SOURCE: im am baffled. my ba-II plus is not calculating

It's giving you the correct answer for the problem you've input. When you specified 1 for n, you told it one month. If you specify more digits, you'll see that the answer is 1.00833333.

By default, the calculator works with annual interest rates but counts periods in months.

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Related Questions:

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BA-II Plus Calculator not giving correct answers to standard equations.

Download the Guide of Calculator form Texas Instruments official website BA II PLUSâ„¢ Guidebook - Texas Instruments - US and Canada (ti.com) and refer to page 82 (Reference Information)
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FV wrong answers

Were you also clearing the financial memory with 2nd [CLR TVM], or just the storage memory? If you don't, it's going to keep using whatever value you last used for PMT.
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Tvm not working properly

It's a little tough to diagnose with what you've given. Could you post all the numbers you're putting in, the result you're getting, and the result you expect?
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BA II plus gives approximate answer for FV calculations

The 107,186.37 is what the future value would be if the interest per month is 0.58%, which is 6.96% per year. Try the following:
2nd [CLR TVM] 1 2 N 7 I/YR 1 0 0 0 0 0 PV CPT FV
As for rounding, you can change the calculator display to any number of digits (up to a limit, of course) by pressing 2nd [FORMAT] and then a number specifying the number of desired digits after the decimal point or 9 for floating decimal.
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I would like some help in solving some TVM problems using the BA II Plus calculator. i.e. How to solve: I invested a lump sum of $2400 in an investment that returns 6% annually. How much will the...

2nd [CLR TVM] (clear TVM registers)

2 4 0 0 +/- PV ($2400 initial investment, negative because you're paying it out)

6 I/Y (6% annual interest)

1 N (one year)

CPT FV (compute future value, see 2544.00, the value after one year)

5 N (five years)

CPT FV (see 3211.74, the value after five years)

1 0 N (ten years)

CPT FV (see 4298.03, the value after ten years)
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I simply can not get the BA 11 plus to run a simple TVM calculation. Although I have the card, and feel that I am following the instructions properly, I always get error 5 code. What am I doing wrong?...

Error 5 indicates one of two conditions while doing a TVM calculation.

1) You tried to compute the interest rate when FV, PV, and PMT all have the same sign. Make sure cash inflows are positive and outflows are negative.

2) The LN input is not greater than zero during calculations.

The first is much more likely.
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My TI BA II Plus is returning incorrect answers for TVM problems... Is this common and can it be fixed?

It's more common that one of the settings is not correct. Check the BEGIN/END setting, the number of payments per year, and the number of compounding periods per year.

If you still have problems, please give an example of a TVM problem, with your results and the correct result. Simply saying "incorrect results" doesn't let anyone help you.
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My TI BA ii plus calculator is calculating the incorrect answer for a TVM problem. What is wrong?

Before each calculation of a TVM problem you must fully clear the calculator ... Press [2ND] [CPT] [2ND] [FV]

Best of luck
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