...Using Financial and Business Calculators Daniel J. Borgia Table of Contents Texas Instruments (TI) BA-35 SOLAR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1 Texas Instruments (TI) BA II PLUS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11 Hewlett Packard (HP) 12C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .27 Hewlett Packard (HP) 17BII . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .39 Hewlett Packard (HP) 19BII . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .53 Using Financial and Business Calculators Most business and financial calculators offer a multitude of powerful functions. The purpose of this guide is to provide students with an easy and quick reference for some of the most commonly used financial functions. More detailed operational descriptions can be obtained from the owner’s manuals that accompany the calculators. This calculator guide discusses the basic functions of five business and financial calculators: the Texas Instruments (TI) BA-35 SOLAR, the Texas Instruments (TI) BA II PLUS, the Hewlett-Packard (HP) 12C, the Hewlett-Packard (HP) 17BII, and the HewlettPackard (HP) 19BII. The sections for each calculator present step-by-step instructions for using general and financial functions offered by each calculator. The calculations for each type of...
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...past 5 Years! ◦ Your donation today goes towards fueling win #6, thank you! 2 What is SOS? National organization with campus chapters run by student volunteers Run Exam-Aid sessions, which raise money to fund sustainable education projects in Latin America Email me at mcdo8210@mylaurier.ca for info on how to get involved! Visit lauriersos.com for info on more sessions. (EC120, MA129, PS101, AS101, and more!) Thank you for supporting! 3 Agenda •Social Factors • • • • Ethics CSR Managing Stakeholders Demographics •Political Factors • Going Long (Buy-Sell Transactions) • Margin Buying • Short Selling • Approx. Yield of Bonds •Time Value of Money • How Government Influences • Explanation of Concepts • Retirement Businesses, vice versa • Car Leasing • IP Rights • Bond Pricing • Types of Corporations • International Trade & •Technological Factors Globalization • Opportunities & Threats •Economic Factors 4 Recap: Critical Success Factors Achieving financial performance Meeting customer needs Building quality products and services Encouraging innovation and creativity Gaining employee commitment Creating a distinctive competitive advantage 5 Recap: Porter’s Five Forces Rivalry Among Existing Firms Potential Entrants Suppliers Buyers Substitutes 6 Recap: Diamond-E Management Preferences Organization Strategy Environment - PEST - Porter’s 5 Resources Alignment needed...
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...are assigned white, orange and blue color codes. To enable the white coded function, just press the desired key. For the orange coded function, press the key at the bottom of the calculator followed by the desired key. For the blue coded function, press the key at the bottom of the calculator followed by the desired key. In this user guide, all keys are referred to by their white coded function, as they are easier to read and easier to identify. The following is a list of the basic preliminary set up features of your HP 12C. You should understand these keystrokes before you begin work on statistical or Time Value of Money (TVM) functions. Please note that your calculator’s sign convention requires that one of the TVM inputs ([PV], [FV], or [PMT]) be a negative number. Intuitively, this negative value represents the cash outflow that will occur in a TVM problem. 1. To set the number of decimal places that show in your calculator display screen: < f > → {Desired # of decimal places} For the exam, I would make sure that the number of decimal places is set to 5. 2. To switch between annuity-due [BEGIN] and ordinary annuity modes: To switch to the begin mode, enter → [7] (The word BEGIN will be displayed at the bottom of the display screen.) To switch back to the ordinary annuity mode, enter → [8] (The word BEGIN will disappear from the display screen.) 2 HOW TO USE YOUR HP 12 C...
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...TI-BA II Plus The following is a list of the basic preliminary set up features of your TI BA II Plus. You should understand these keystrokes before you begin work on statistical or TVM functions. Please note that your calculator’s sign convention requires that one of the TVM inputs ([PV], [FV], or [PMT]) be a negative number. Intuitively, this negative value represents the cash outflow that will occur in a TVM problem. 1. To set the number of decimal places that show on your calculator: [2nd]→[FORMAT]→{Desired # of decimal places}→[ENTER]→[CE/C] For the exam, I would make sure that the number of decimal places is set to 5. 2. To set the number of payments per year (P/Y): [2nd]→[P/Y]→{Desired # of payments per year}→[ENTER]→[CE/C] P/Y should be set to 1 for all computations on the Schweser Notes and on the exam. 3. To switch between annuity-due [BGN] and ordinary annuity modes: [2nd]→[BGN]→[2ND]→[SET]→[CE/C] 4. To clear the time value of money memory registers: [2nd]→[CLR TVM] This function clears all entries into the time value of money functions (N, I/Y, PMT, PV, FV). This function is important because each TVM function button represents a 2 HOW TO USE YOUR TI BA II PLUS CALCULATOR memory register. If you do not clear your memory, you many have erroneous data left over when you perform new TVM computations. 5. The reset button [2nd] [RESET]. The reset button serves to reset...
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...BA II PLUS™ Calculator Important Information Texas Instruments makes no warranty, either express or implied, including but not limited to any implied warranties of merchantability and fitness for a particular purpose, regarding any programs or book materials and makes such materials available solely on an "as-is" basis. In no event shall Texas Instruments be liable to anyone for special, collateral, incidental, or consequential damages in connection with or arising out of the purchase or use of these materials, and the sole and exclusive liability of Texas Instruments, regardless of the form of action, shall not exceed the purchase price of this product. Moreover, Texas Instruments shall not be liable for any claim of any kind whatsoever against the use of these materials by any other party. USA FCC Information Concerning Radio Frequency Interference This equipment has been tested and found to comply with the limits for a Class B digital device, pursuant to Part 15 of the FCC rules. These limits are designed to provide reasonable protection against harmful interference in a residential installation. This equipment generates, uses, and can radiate radio frequency energy and, if not installed and used in accordance with the instructions, may cause harmful interference to radio communications. However, there is no guarantee that interference will not occur in a particular installation. If this equipment does cause harmful interference to radio or television reception, which...
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...BA II PLUS™ PROFESSIONAL Calculator Important Information Texas Instruments makes no warranty, either express or implied, including but not limited to any implied warranties of merchantability and fitness for a particular purpose, regarding any programs or book materials and makes such materials available solely on an “as-is” basis. In no event shall Texas Instruments be liable to anyone for special, collateral, incidental, or consequential damages in connection with or arising out of the purchase or use of these materials, and the sole and exclusive liability of Texas Instruments, regardless of the form of action, shall not exceed the purchase price of this product. Moreover, Texas Instruments shall not be liable for any claim of any kind whatsoever against the use of these materials by any other party. USA FCC Information Concerning Radio Frequency Interference This equipment has been tested and found to comply with the limits for a Class B digital device, pursuant to Part 15 of the FCC rules. These limits are designed to provide reasonable protection against harmful interference in a residential installation. This equipment generates, uses, and can radiate radio frequency energy and, if not installed and used in accordance with the instructions, may cause harmful interference to radio communications. However, there is no guarantee that interference will not occur in a particular installation. If this equipment does cause harmful interference to radio or television...
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...cash flows for times from next period until the maturity of the asset are constant (CFt = C), with an additional final payment being made at maturity (when T = M) [pic] iv) There is only one cash flow to be received, at the maturity of the asset (T = M) [pic] v) The discount rate is the same for all periods (rt = r) and cash flows for times from the next period until the maturity of the asset are constant (CFt = C) [pic] vi) The discount rate is the same for all periods (rt = r) and cash flows are constant forever (CFt = C) [pic] 2) TVM keys on a financial calculator How do these valuation formulae translate to the TVM keys on a financial calculator? [pic] 3) Types of cash flow streams Most general case: (i) Equal time periods: (ii) Equal time periods and discount rate: (iii) Bond valuation: (iv) Single cash flow: (v) Annuity: (vi) Perpetuity: 4) Interest rate conversion formula Suppose a credit card company charges its customers a nominal rate of 1% per month on their credit balances. This is also referred to as the stated rate or quoted rate. The annual...
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...Time Value of Money Terminology Terminology (AKA jargon) can be a major impediment to understanding the concepts of finance. Fortunately, the vocabulary of time value of money concepts is pretty straightforward. Here are the basic definitions that you will need to understand to get started (calculator key abbreviations are in parentheses where appropriate): Banker's Year A banker's year is 12 months, each of which contains 30 days. Therefore, there are 360 (not 365) days in a banker's year. This is a convention that goes back to the days when "calculator" and "computer" were job descriptions instead of electronic devices. Using 360 days for a year made calculations easier to do. This convention is still used today in some calculations such as the Bank Discount Rate that is used for discount (money market) securities. Compound Interest This refers to the situation where, in future periods, interest is earned not only on the original principal amount, but also on the previously earned interest. This is a very powerful concept that means money can grow at an exponential rate. Compounding Frequency This refers to how often interest is credited to the account. Once interest is credited it becomes, in effect, principal. Note that the compounding frequency and the frequency of cash flows are not always the same. In that case, the interest rate is typically adjusted to an effective rate that is of the same periodicity as the cash flows. For example, if we have quarterly cash flows...
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...CORPORATE FINANCE DEMYSTIFIED TROY A. ADAIR, Jr. McGraw-Hill New York Chicago San Francisco Lisbon London Madrid Mexico City Milan New Delhi San Juan Seoul Singapore Sydney Toronto Copyright © 2006 by The McGraw-Hill Companies. All rights reserved. Manufactured in the United States of America. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of the publisher. 0-07-148678-X The material in this eBook also appears in the print version of this title: 0-07-145910-3. All trademarks are trademarks of their respective owners. Rather than put a trademark symbol after every occurrence of a trademarked name, we use names in an editorial fashion only, and to the benefit of the trademark owner, with no intention of infringement of the trademark. Where such designations appear in this book, they have been printed with initial caps. McGraw-Hill eBooks are available at special quantity discounts to use as premiums and sales promotions, or for use in corporate training programs. For more information, please contact George Hoare, Special Sales, at george_hoare@mcgraw-hill.com or (212) 904-4069. TERMS OF USE This is a copyrighted work and The McGraw-Hill Companies, Inc. (“McGraw-Hill”) and its licensors reserve all rights in and to the work. Use of this work is subject to these terms. Except as permitted...
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...installed capacity of 1,638 MW and dependable capacity of 1386 MW.1 This report is drafted from investor’s standpoint and can help in assessing the financials of KAPCO using following stock valuation frameworks: 1). Warren Buffett 2). Price-Earnings Multiple Approach 3). Capital Asset Pricing Model 4). Financial Ratio Analysis. Section 2 introduces the Company and gives an overview of the stock currently trading at Karachi Stock Exchange (KSE). KAPCO share analysis starts from Section 3 with Warren Buffet qualitative and quantitative pricing frameworks. Thirteen different parameters have been evaluated for qualitative analysis while three different pricing models show that it is better to invest in State Bank of Pakistan (SBP) Investment Bond than to invest in KAPCO share. Section 4 and 5 examine the current stock price using P/E Multiple approach and Capital Asset Pricing Model. Section 6 explains the financial strength, management effectiveness and profitability, efficiency and market ratios using Ratio analysis. The report finally recommends not investing in KAPCO share due to circular debt problems resulting in potential cash-flow crunch, bullish momentum of...
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...Study Notes for Exam Ch 1. Advantages and disadvantages of the different forms of organization. The difference between partnerships and corporations. Also read about agency conflicts. Forms of business Proprietorship Advantages * it is easily and inexpensively formed * it is subject to few government regulations, and * its income is not subject to corporate taxation but is taxed as part of the proprietor’s personal income. Disadvantages * it may be difficult for a proprietorship to obtain the capital needed for growth * the proprie- tor has unlimited personal liability for the business’s debts, which can result in losses that exceed the money invested in the company (creditors may even be able to seize a proprietor’s house or other personal property!); and * the life of a proprietorship is limited to the life of its founder Partnership-two or more ppl conduct a non-corporate business for profit. Advantages * general partners have unlimited liability * option of limited liability – one general partner and others are limited partners * one person is liable for the debts of the partnership Disadvantages * limited partners typically have no control—it rests solely with the general partners—and their returns are likewise limited * partners can potentially lose all of their personal assets because all partners are liable for the business debts Corporation-a legal entity under state law and is separate from mangers and owners...
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...Finance 3101: Financial Management Syllabus (Spring 2013) Section: 101 Time/Room: TR 12:30 P.M. – 1:50 P.M. / 208 Ambler Learning Ctr. Course Coordinator: Dr. Howard Keen (“DRK”) Course Instructor: James Dooley Office Hours: By Appointment E-mail Address: jsdooley@verizon.net Office Telephone: 215-498-0157 Prerequisites |Economics 1101 (C051) and 1102 (C052); Accounting 2102 (0002) or 2521. Statistics 2101 (C021) or 2103. Any exception to the foregoing prerequisites can | |only be approved by the Department Chair. | | | | | | | |Course Description | | | | | This course provides a survey of the financial problems associated with the life cycle of a business firm. Topics include: financial analysis and planning, capital budgeting, cost of capital, and the sources and uses of business funds. While the emphasis is on decision making within a corporate environment, the tools taught in this course are just as relevant to other forms of business organization and to personal financial management. Course Objectives ...
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...budgeting, risk management, working capital management and performance assessment. The financing decision chooses sources of cash to finance the investment decisions and involves capital structure, financial instruments, the risk-return trade-off, financial planning and the cost of capital. Ethical considerations and management in the global context are integrated into these topics. Course Credit Exclusion: AP/ECON 3.00 (AS/ECON 4400 3.00 or AK/ECON 4082 3.00) Prerequisite: none Course objectives: The course objectives are to introduce students to the theory of financial management and its application to the business world. It analyzes how financial managers make decisions within a framework which emphasizes the time value of money (TVM) and the relationship between expected return and risk. In addition, we examine the techniques that financial managers use to evaluate feasibility of undertaking new projects (i.e., capital budgeting). This course is very fast paced, technical in nature, and it requires each student to do considerable out-of-class work. Problem solving throughout the course is required. Organization of the Course: Class format is lecture-style, with discussion and analysis of real time events. Students are expected to prepare for class by reading the assigned readings, and are...
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... HP 10bII+ 金融计算器 iii 键盘图示说明 编号 （键所在的 排） 1 2 3 主要功能 （白色） 12 个字符 7 段显示屏 货币时间价值 (TVM) 每年的还款期数、利率 债券计算 转换、分期还款 向上切换 向下切换 （印在键斜面上的橙色 （印在键上方的蓝色功 功能） 能） \ ] 输入键、加成、成本、 日期和天数变化、每年 日历和配息还款计划、 价格和利润率 的 IRR、 NPV、还款周 结算日和到期日 （债券） 期的期初 / 期末 K 内存寄存器、百分 交换、百分比变化、现 比、现金流量金额、统 金流量计数、删除统计 计数据输入、退格键 数据、四舍五入 收支平衡计算 4 5 6 7 8 9 10 11 12 改变符号、回调和内存 科学记数法、存储、清 折旧、双曲函数和三角 除统计数据、括号 函数 切换 （蓝色，向上） 切换 （橙色，向下） 数字键：1 和 4-9 清除功能 打开 数字键：0 和 2-3、 小数点 数学函数 提示 统计、加权平均和估计 统计函数和回归模式 清除功能 关闭 常用数学函数 常用数学函数、括号 清除功能 运算模式 概率功能 三角函数 iv 目录 法律声明 .......................................................................ii HP 10bII+ 金融计算器........................................................... iii 键盘图示说明 .................................................................. iv 1 概览 ... .............................................................................................................................. 1 按键功能基本常识 .............................................................. 1 切换键 ........................................................................ 2 框式按键功能 .................................................................. 2 百分比 ........................................................................ 3 内存键 ........................................................................ 4 货币时间价值 (TVM)....................................................................................................6 假设条件下的 TVM...
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...Example One 1.2 Example Two 2. Interest 2.1 What is Interest? 2.2 Three Variables of Interest 1. Principal 2. Interest Rate 3. Time 2.3 Why is Interest Charged? 3. Simple Interest 3.1 What is Simple Interest? 3.2 Simple Interest Formula 4. Compound Interest 4.1 What is Compound Interest? 4.2 Compound Interest Formula 5. Compound Interest Tables 1. Future Value of $1 2. Present Value of $1 3. Present Value of an Ordinary Annuity of $1 4. Present Value of an Annuity due 5. Present Value of a Deferred Annuity 6. Conclusion 7. References Abstract The time value of money (TVM) is based on the principle that "a dollar today is worth more than a dollar in the future, (Mott, 2010, pp.31). Waiting for future dollars involves a cost -the cost is foregoing the opportunity to earn a rate of return on money while you are waiting" (pp.31). TVM was developed by Leonard Fibonnacci in 1202 and is one of the basic concepts of finance. One hundred dollars today has a different buying power than it will have in the future. For example, $100 invested in a savings account at your local bank yielding 6% annually will grow to $106 in one year. The difference between the $100 invested now-the present value of the investment-and its $106 future value represents the time value of money, (Spiceland, Sepe, Nelson, pp. 322). Time Value of Money: Simple Interest versus Compound Interest The time value of money is an accounting concept used...
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