前导课-金融计算器的使用.ppt

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1、CalculatorGuideBAII+FeaturesfortheFRM®ExamIntroduceyourFinancialCalculatorSettingupyourCalculatorMainFunctionkey:ForexampleON/OFFonthetopright–turnonandoffyourcalculator。TimevalueofMoneyFunctionKeysPVPresentValue，FVFutureValue，PMTPeriodicPayment，NNumberofPeriods，I/YInterestRatesSub-

2、FunctionKey:Press2NDSettinguptheBAII+Changingthedecimalpoints:Moststudentsprefertouseupto9decimalpoints(thiswillremovetheextrazerosfromthescreen).2nd→·DEC=9→ENTERWithdecimalssetto“9”youwillalwayshavethemaximumaccuracyinyouranswer,andcanroundittothenumberofplacesthatwillsuittheproblem

3、.Chn&AOSChainmode2+3×5=25AOSmode2+3×5=17√X,X2,1/X,and+/-Thesekeyscanbeusedduringanycalculationandoperateonthenumberinthedisplayonly100√xdisplays105x2displays2551/xdisplays0.205+/-displays–50.89/(√2.17)×7.32=0.89÷2.17√×7.3X2=0.89×2.17√1/X×7.3X2ExponentsyxExample:calculate1.755Enter1.7

4、5yx5=todisplay16.4131Example:calculate(3.54/2.21)1/4-1Enter3.54÷2.21yx41/x-1OR3.54÷2.21yx0.25-1todisplay0.125ExponentsyxExample:The90-dayholdingperiodreturnonaT-billis1.237%.Whatistheeffectiveannualyield?Weneedtocalculate1.01237365/90-1Thereare(atleast)2ways.1.01237yx365yx901/x=[1.05

5、11]1.01237yx(365÷90)=[1.0511].CleartheMemoryKeysMiscellaneousThearrow“→”removesthelastdigitenteredfromthedisplay2ndANSdisplaysthepreviousresultafteryouhavebeguntoenteranewvalue.UsingtheMemoryFunctionsTheBAII+allowsyoutostoreupto10itemsinthememoryatanyonetime.Thiscanmassivelyspeedupca

6、lculationsintheexam!TostoreaniteminthememoryWhenyouhavethenumberonscreentostoreitsimplypress:STO→0-9TorecallaniteminthememoryRCL→0-9Storing/RetrievingResults1/1.13=0.88496STO11.10/1.132=0.86146STO21.21/1.1331.21/(1.13yx3)+RCL1+RCL2=2.585TimeValueandYourCalculatorCalculatornotation:–N

7、=numberofyearsornumberofpayments–I/Y=interestrateperperiod–PV=presentvalue–FV=futurevalue–PMT=payments(forannuities)TimeValueandYourCalculator+FV-PMT-PV-PMT-PMT-PMT-PMTFVofSingleSumWhatisthefuturevalueof$200investedtodayforfouryearswhentheinterestrateis10%N=4I/Y=10PV=-200PMT=0FV=?FV=

8、292.82PVofSi