Question: Can someone explain why I kept getting error on my BAII calculator as PV = 0 . 0 0 0 0 * with all the
Can someone explain why I kept getting error on my BAII calculator as PV with all the entries correct?
Explanation
Instead of around $ Barb will need slightly more than $ million to maintain an inflationadjusted budget with equal purchasing power
using an inflationadjusted rate of compounded monthly; so the increase is approximately
$
Set calculator to BEG mode, payments per year, and clear the memory.
Keystrokes:
shift, N For the TI BA II The result should be This is year times monthsyear
IYR For the TI BA IIT, IY
PMT
PV Solution: $ or $ If you are way bff ensure you are compounding times per year.
Barb wants a retirement income of $ at the beginning of each month for years. If she is able to earn a return of on invested assets, she needs $
to fund her income. However, this does not include any inflation adjustment. By incorporating a inflation factor, what is Barb's approximate
funding requirement increase, stated at the time of retirement, if she wants to maintain the same purchasing power of her $ monthly payment?
I set BA II Plus calculator to BEG mode, payments per year, and clear the memory:
shift, N For the TI BA III, ND xPY N The result should be This is year times monthsyear
IYR For the TI BA II IY
PMT
CPT PV Solution: should be $;
But I kept getting PV result as: on my BA II calculator.
Im sure I have cleared all memories of the calculator by nd;
Can anyone help me to identify why I kept getting this error?
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