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#1
10-18-2011, 12:22 PM
 johnlu66 Member CAS SOA Join Date: Mar 2011 Studying for MFE Posts: 59
ba ii plus calculator help

hello, I am not sure how to input the following into the calculator to get the correct answer,

if i have 7000 a angle 10 and i is 7%, how can i put into the calculator to get the correct result of 49165.

i input N = 10, I = 7, PMT = -7000 and the result for present value is not 49165.

Can anyone explain?

Thanks!!
#2
10-18-2011, 12:27 PM
 LifeIsAPoissonProcess Member SOA Join Date: Aug 2010 Studying for C Posts: 3,389

Press the following buttons exactly:

2ND, FV, 1, 0, N, 7, I/Y, 7, 0, 0, 0, +|-, PMT, CPT, PV
__________________
P FM MLC MFE C IA FA VEE APC
#3
10-18-2011, 12:27 PM
 johnlu66 Member CAS SOA Join Date: Mar 2011 Studying for MFE Posts: 59

I figured it out, sorry to bother others!
#4
10-18-2011, 12:28 PM
 LeeLee7 Member SOA Join Date: Aug 2011 Posts: 46

Try again. Make sure your calculator is sent to END, not BGN, and make sure you cleared your future value (or entered zero). I got the correct answer.
#5
10-18-2011, 12:34 PM
 Tommy Vercetti Member CAS Join Date: Jan 2003 Posts: 639

i think your calc is assumeing the payments happens at the beggining of the periods. Does the display shows [BGN] on top?

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