Texas Instruments BAII Plus™ Professional

Definition

The Texas Instruments BAII Plus™ Professional is a financial calculator designed for financial calculations and analysis. It is widely used by finance professionals and students for solving various financial problems, including time value of money calculations.

5 Must Know Facts For Your Next Test

1. It can calculate present value (PV), future value (FV), interest rates, payments, and number of periods.
2. The calculator has built-in functions for solving annuities and cash flow analysis.
3. It includes advanced features such as statistical analysis and depreciation schedules.
4. The BAII Plus™ Professional allows storing multiple sets of cash flows to compute net present value (NPV) and internal rate of return (IRR).
5. It supports both chain and algebraic calculation methods, making it versatile for different user preferences.

Review Questions

• What are the key functions of the Texas Instruments BAII Plus™ Professional related to time value of money?
• How does the calculator help in solving annuity problems?
• Can the BAII Plus™ Professional store multiple sets of cash flows for NPV calculations? Explain.

Related terms

Present Value (PV):

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Future Value (FV):

The value of a current asset at a specified date in the future based on an assumed rate of growth.

Net Present Value (NPV):

The difference between the present value of cash inflows and outflows over a period of time.