Know the keys.
Solve step by step.
Follow one worked example. Then solve a new practice question.
Annuity savings
You need $50,000 in 6 years. The account earns 7% annually and deposits are made at year-end. What annual deposit is required?
Set payment frequency · 1
Use 1 payment per year. In this calculator, 2ND → I/Y stores P/Y and sets C/Y to match. END mode is already set.
What these buttons do
- 2ND
- Second function
Activates the label printed above the next key.
- P/Y
- Payments per year
Sets how many payment periods occur each year.
- C/Y
- Compounds per year
Sets how many times interest compounds each year.
- END
- End-of-period payments
Places each payment at the end of its period. This calculator starts in END mode.
Financial worksheets
Explore cash flows and amortization with your calculator values.
Amortization
Your loan schedule appears here.
Load the mortgage example, then compute PMT.
Cash-flow worksheet
Cumulative discounted value
| Period | Cumulative PV |
|---|---|
| 0 | −1,000.00 |
| 1 | −722.22 |
| 2 | −362.14 |
| 3 | 3.02 |
Edit the TVM worksheet
Complete the guided example to edit these values. Use the highlighted keys during the guide.
Periodic rate: 0.0000%
How to use a BA II Plus-style calculator
Learn algebraic entry, TVM, amortization, and cash-flow calculations in six steps.
Return to the calculator1Use algebraic entry
The BA II Plus workflow is algebraic, so you type the expression in the order it is written. Parentheses are useful for grouped CFA and finance formulas.
Result: 15
2Set P/Y and C/Y first
P/Y is payments per year and C/Y is compounds per year. Type the value before the worksheet key: 12 then P/Y (2ND I/Y) stores payments per year and matches C/Y to it. For monthly mortgage-style problems, leave both at 12 so a 6% I/Y becomes a 0.5% periodic rate.
Result: Periodic rate 0.5%
3Store TVM values
Type a value and press its worksheet key. For a 30-year monthly loan, store 360 in N, 6 in I/Y, 300000 in PV, and 0 in FV.
Result: Worksheet set
4Solve with CPT
After four TVM fields are known, press CPT and then the missing worksheet key. With the sample mortgage, CPT PMT solves the monthly payment.
Result: -1798.65
5Review amortization
Use the amortization section to split payments into interest, principal, and remaining balance. This is useful for loan schedules and CFA fixed-income practice.
Result: Interest, principal, balance
Explore the worksheet6Check cash-flow problems
For uneven projects, put CF0 first, add one later cash flow per line, then compare NPV at your discount rate against the IRR output.
Result: NPV 3.02; IRR 8.16%
Explore the worksheetBefore every CFA calculator problem
Set P/Y and C/Y before TVM practice, especially after resetting.
Use opposite signs for money received and money paid.
Use CPT only after four of the five TVM variables are known.
Clear or overwrite stale worksheet values between problems.
The DATE, ICONV, PROFIT, DEPR, BRKEVN, and BOND keys are simplified learning helpers, not exact BA II Plus keystrokes.
Practice the same sequence on your approved physical calculator before exam day.
DATE, ICONV, PROFIT, DEPR, BRKEVN, and BOND are simplified learning helpers. They do not reproduce exact physical calculator keystrokes.
CFA-style calculator examples
Original practice questions. These are not CFA Institute questions.
Quantitative Methodsannuity savings-6,989.79
You need $50,000 in 6 years. The account earns 7% annually and deposits are made at year-end. What annual deposit is required?
Store 1 in P/Y, which sets C/Y to 1 as well. Store N = 6, I/Y = 7, PV = 0, FV = 50000, then solve PMT.
The answer is negative because the deposit is an outgoing cash flow.
Fixed Incomebond price-1,043.76
A 5-year, $1,000 par bond pays a 6% annual coupon semiannually. If the yield is 5% annually, what is the bond price?
Use semiannual periods: store 2 in P/Y (C/Y follows), then N = 10, I/Y = 5, PMT = 30, FV = 1000, then solve PV.
The price is above par because the coupon rate is higher than the yield.
Corporate Issuerscapital budgetingNPV 3.02; IRR 8.16%
A project costs $1,000 today and returns $300, $420, and $460 over the next 3 years. At an 8% discount rate, should it be accepted?
Enter CF0 first, then one cash flow per period. Use I = 8 for NPV and compare the result with zero.
The NPV is slightly positive at 8%, so the project clears the discount-rate hurdle.
Portfolio Managementfuture value of contributions23,265.39
You invest $15,000 now and add $250 at the end of each month for 2 years. If the account earns 6% APR compounded monthly, what is the future value?
Use monthly periods: store 12 in P/Y (C/Y follows), then N = 24, I/Y = 6, PV = -15000, PMT = -250, then solve FV.
The present investment and monthly contributions are entered as outflows, so FV returns positive.
BA II Plus calculator questions
Is this an exact TI BA II Plus emulator?
No. This is an independent BA II Plus-style financial calculator for browser use. It recreates common algebraic entry, TVM, amortization, NPV, and IRR workflows without using Texas Instruments firmware or copied assets.
Is the BA II Plus allowed on the CFA exam?
CFA Institute allows Texas Instruments BA II Plus calculators, including the BA II Plus Professional, and HP 12C calculators. Always check the current CFA calculator policy before exam day.
How do P/Y and C/Y work?
P/Y is payments per year and C/Y is compounds per year. If both are 12, a 6% I/Y becomes a 0.5% periodic rate for monthly TVM calculations.
Why is PMT negative for a loan?
Financial calculators use cash-flow signs. A positive loan balance and negative payment mean money is moving in opposite directions.
Texas Instruments, TI, and BA II Plus are trademarks of their respective owner. exclam.ai is not affiliated with Texas Instruments. This independent calculator supports educational and general finance use.