Great video, but there is an error in example 3. Since payments are made monthly while interest is compounded annually (i.e. payments are more frequent than interest), the annuity is nominal. This problem cannot be solved using the calculator if P/Y isn't changed.
@joshemman
5 жыл бұрын
You're right Joshua. There is an assumption missing there ==> The $400 payments are saved up and added to the investment at the end of each year.
@ldw47
5 жыл бұрын
Very good video !
@jacea5739
4 жыл бұрын
im confused so is the video correct for example 3? and if not why and what is the correct one as for example 4 why is the i/y 2 since its monthly and your p/y u made it only 1
@joshemman
4 жыл бұрын
@@jacea5739 No. Example 3 is not correct as is. P/Y is supposed to be set to 12. But in this video, it is assumed that the $400 payments are applied at the end of each year, totaling $4,800.
@joshemman
4 жыл бұрын
@@jacea5739 I/Y = 2 in example 4 because 2% is a periodic (monthly) interest rate, not annual. Hence N is counting the number of months (not the number of years).
@GavinVox68
2 жыл бұрын
This is amazing. I spent hours watching my instructor's online lectures on this, and was banging my head against the wall trying to understand this. It was hopeless. You explained it in very simple terms in less than 10 minutes, and now I actually stand a chance on my upcoming exam. I cannot thank you enough.
@dakotapoore1670
3 жыл бұрын
Pays thousands for college. Gets taught by Joshua Emmanuel for free on youtube. You are a blessing sir.
@123meenasalih
6 ай бұрын
Omg thank you so much I was trying to learn to use the calculator while trying to solve these to understand for the exam and you took the time to save me from frustration, THANK YOU!😩
@gino20916
10 ай бұрын
You explained this better than the multiple CFA prep providers i've paid hundreds of dollars for, thank you!
@tylermullery7814
5 жыл бұрын
learn easier and faster here than I do paying for my college degree
@santibanez91
3 жыл бұрын
And Joshua doesnt catch an attitude like proffesors
@neldaqueen
3 жыл бұрын
omg true tell me about it 👏👏👏😭😭
@JonasAcuna23
2 жыл бұрын
Facts
@Essays4College
4 жыл бұрын
For the first calculation I did exactly what you said on my BA II and I came up with a monthly payment of -$2,848.19
@bigbrother9273
4 жыл бұрын
same as u lol... did u set any mode for ur calculator?
@Essays4College
4 жыл бұрын
@@bigbrother9273 No I did not. I even verified that the decimals were set to 2 places.
@bigbrother9273
4 жыл бұрын
Jenny Titus Try to reset
@jessieli1871
4 жыл бұрын
I had the same problem before. I reset the calculator by pressing 2nd +|- enter and I finally got the correct answer. Hope this helps.
@jessieli1871
4 жыл бұрын
And remember to press 2nd FV to clear the history before calculating next question.
@shellywheeler8984
4 жыл бұрын
Thank you for showing the basics-enter your values then select CPT, then what your solving for i.e.PMT. Ugh this calculator has been driving me crazy! Thanks to you I'm solving problems without any issues!
@hugoender
5 жыл бұрын
Amazingly clear and concise examples! If only all the youtube video tutorials were this great. Thanks a ton! By the way, your voice and accent are awesome and make this video even better!
@kyikyiwinkyikyiwin5325
Жыл бұрын
today my teacher teach in the class i nearly give up, i found this then i happy to do my finance course. i really appreciate Joshua.
@kevintanyagiles6297
2 жыл бұрын
Awesome video! I tried following a different one and I think that presenter just wants to be a KZitem star. This was super helpful. Thank you!
@TheKarver21
7 ай бұрын
Thank you so much for this tutorial! I'm taking financial management while in an MBA and this helped me so fast and easier than I'd think. Thank you again 😊🙏🏽
@joshemman
6 ай бұрын
Glad it was helpful!
@MZtaeyeon1992
4 жыл бұрын
What the hell ! You help me with one problem that has been haunting me forever ! CLR TVM !
@reginaldhardaway2596
2 жыл бұрын
You are a great teacher. I didn’t understand any of my college instructions but I understood yours. Thank you.
@patriciapvn
Жыл бұрын
Thank you for the video. You explain it very thoroughly. I learned extensively from this video more than my college professor explained it. Thank you!!
@MemeBaz11824
4 жыл бұрын
Thank you Joshua, this video helped me immensely. You touched on many points that really clarified everything for me. I sent it to my professor so he could share it with my graduate finance class. The way you include the calculator and show which buttons to press in order to get the answer is absolutely golden. Subscribed!
@crustychips6406
4 жыл бұрын
omg i had the p/y set to 52 for like 2 weeks and i wondered why i could never get the right answers in class, this video saved me!
@lucidxchrist2133
3 жыл бұрын
You’re a life saver. I’m my finance course my professor was teaching us how to use the financial calculator and she was way too fast. So I KZitemd it abd man you’re literally a life saver
@TheCbone1979
6 жыл бұрын
I really like your voice, clear and concise verbiage and the video itself helped me revisit how valuable the TVM functions are on my BA II.
@mattsoto4329
2 жыл бұрын
Just bought mine tonight and my exam is tomorrow morning. Thanks for the cram tools!
@praveenswaroop
2 жыл бұрын
Thank you Joshua for explaining in such an easy & clear way.
@ouaispasmal
4 жыл бұрын
THIS SAVED MY LIFE OML
@al3yoonalsood38
Жыл бұрын
I Love your videos and you reply to emails on time thank you so much for your help. I always use your videos for my homeworks. Thank You.
@divinityx2011
Жыл бұрын
Best tutorial on this topic ever!! Thank you. I was struggling.
@nitanice
5 жыл бұрын
thank you for the simple, straight-forward instruction!
@CurvyMeli
2 жыл бұрын
This is a great tutorial explaining with button presses exactly how to do basic computations with the BAIIPlus
@kevin48269
4 жыл бұрын
beautiful I've just caught up 4 weeks of college in just one video
@aislyngarbs4341
2 жыл бұрын
best tutorial on the BA II so far. Thank you so much for posting
@shellyparker3881
3 жыл бұрын
Great video. Joshua gets straight to the point, and works through practical examples. Very well done!
@cherrypickingcards2413
4 жыл бұрын
Amazing video! I greatly appreciate this!!! Doing my business math class and this is my first exposure to a financial calculator and this makes me feel much better. Thanks again!! 🍒
@ZakharychRUS
4 жыл бұрын
Thank you! Very informative. It helps in preparing for the CFA exam.
@robertkay9349
2 жыл бұрын
Thank you for posting this video Joshua. This simplified calculations for FVM for me.
@alisabiq
3 жыл бұрын
Many many thanks...First time I am using my calculator...Ur examples are so clear and easy to understand
@majithabanu1308
Жыл бұрын
thank you for the lear explanation..you have a new subscriber
@razazeltom9742
5 жыл бұрын
Thank you so very much! this is the best KZitem video to understand FV and financial calculator
@MrDoctorDylan
4 жыл бұрын
best youtube tutorial ive ever watched for school, thank you so much.
@shrutisingh1405
3 жыл бұрын
Thanks a lot for this tutorial. Super helpful... I was starting to panic a little
@kiddyentrepreneurshowtotut6085
3 жыл бұрын
This is class. You made everything so simple and easy to learn. You sir are a legend
@GuCcIGaMeS
4 жыл бұрын
Homie is really out here saving lives
@fernandocruz-zf3gc
4 жыл бұрын
Why is 25000 in the last example an outflow?
@nataliechua9934
3 жыл бұрын
Hello! I just got my financial calculator and this was bothering me, so I went to find out a little more. Essentially, financial calculators follow the cash flow sign conventions. Cash inflows are entered as positive numbers and cash outflows are entered as negative numbers. You can see more of it here!! www.tvmcalcs.com/calculators/baiiplus/baiiplus_page1 Hope this helps :D
@lynxlynx79
5 жыл бұрын
Perfect video! nothing extra and everything you need to know. Very helpful that you solved every type of problem!
@sanghamitradhara8330
3 жыл бұрын
You are a savior. Thanks for your wonderful tutorial
@markzalig4991
5 жыл бұрын
Dude thank you. Just taught me better than my snooty professor could.
@roslynw7
4 жыл бұрын
Your videos are very helpful for my financial management class
@ericai.8356
2 жыл бұрын
Thank you, Thank you, Thank you! My professor took the time to mention he downloaded the app on his phone for this calculator but failed to show us how to use it! Well that was pointless of him.
@angelbishop5180
4 жыл бұрын
Excellent tutorials - Thanks so much Joshua!
@oneilpantonstayingfresheve7065
Жыл бұрын
Thank you very much, brother. You give excellent information.
@joshemman
Жыл бұрын
Thanks, O'Neil.
@adelnemes7306
3 жыл бұрын
Excellent, superb, explanation. You saved my day.
@adamyussuf4947
3 жыл бұрын
Thank you big time!! -/+ signs were a total pain and you helped me figure.
@prabal_cy
8 ай бұрын
Thank you very much, Sir.
@joshemman
8 ай бұрын
You are most welcome
@dionnestokes8862
4 жыл бұрын
What is the rule on multiplying N X 12 AND Dividing the interest rate by 12. How do you know when to make the present value negative in regards to the example on the $25k in the savings account?
@shahzeboy1609
4 жыл бұрын
Correct me if I'm wrong but for but for Q3) the correct answer is $94,814.70 since he did not change P/Y to 12 (The $400 payments are made monthly)
@mohdsharanrajbinmohamadakb2510
3 жыл бұрын
As before, we need to be careful when entering the PV and FV into the calculator. In this case, you are going to invest $20,000 today (a cash outflow) and receive $100,000 in 18 years (a cash inflow). Therefore, we will enter -20,000 into PV, and 100,000 into FV. Type 18 into N, and then press CPT I/Y to find that you need to earn an average of 9.35% per year. Again, if you get Error 5 instead of an answer, it is because you didn't follow the cash flow sign convention.
@SanDiegoBiz
2 жыл бұрын
Dope tutorial’s Joshua!
@anmolnagar5333
2 жыл бұрын
HIGHLY INFORMATIVE FOR BASIC
@suhasghaskadvi
4 жыл бұрын
Thank you for your tutorial. It helps a lot to understand how to use calculator.
@carsonwilson4542
5 жыл бұрын
Well, you certainly made this a lot easier than Texas Instruments' own tutorial shit...
@joetropolis
3 жыл бұрын
For example 5, why is the 25,000 PV considered an outflow?
@realABN
2 ай бұрын
Just bought one from Amazon for my freaking Financial management Mid-term
@dawnnicca5027
Жыл бұрын
thanks a lot! Great help!
@sooohaib92
5 жыл бұрын
simple, concise and to the point. Thank you, sir!
@kristoffbailey1388
2 жыл бұрын
I got -2,992.38 as the payment despite following your video step by step, I do not know what is causing this. Update: I resolved my issue by resetting my ba 2 plus using : 2nd; reset, enter. After which I got the correct answer.
@spazzappleee
3 жыл бұрын
Thank you! Very helpful.... other videos did not help, but finally able to use my finance calc now for my class
@barzhikevil6873
3 жыл бұрын
That was really helpful! Quality content
@a.y.8591
5 жыл бұрын
Great video, clear instructions. Thanks a lot!!
@cobythe_animal_expert3961
3 жыл бұрын
Superb...You made my life easier. Thanks
@prabhjotkaur2745
4 жыл бұрын
Your video saved my life... LOL..... Thank you :)
@selamawitgebregziabher5917
2 жыл бұрын
simple and neat thank you
@austinxu5844
6 жыл бұрын
Thank you very much! Your teaching is so clear and understandable.
@user-tz7df6fe3b
7 ай бұрын
Great explanation Thanks
@joshemman
7 ай бұрын
Glad it was helpful!
@Essays4College
4 жыл бұрын
For the 2nd calculation my BA II came up with -$78,029.65
@mattburkart8034
5 жыл бұрын
Thank you. was driving myself nuts trying to get it to match. forgot to divid interest rate by 12 and multiply N by 12.
@tresornlend636
Жыл бұрын
Thanks so much
@adubduece
8 жыл бұрын
I don't understand why sometimes you change the p/y and the c/y yet other times you just divide the interest rates. Can you briefly explain how you dissect the problem in order to determine whether you want to change that or just divide the i/y interest rate by 12? It's very confusing, but I can usually get the same answer using each method.
@RedondoBeach2
8 жыл бұрын
+adubduece In the third example he didn't divide the interest rate because the computation called for compounded interest on an annual basis, not on a monthly basis. If it was compounded monthly, you're correct in that the annual percentage rate would have to be divided by 12 and then entered into I/Y. Additionally, if that was the case, you would also have to adjust the number of periods from 10 (years) to 120 (months). Separately, I'll add that at the beginning of the video he was correct in stating that outgoing payments should be entered as a negative value. However, in the third example he mistakenly entered the $50,000 Present Value (PV) and the $4,800 Payment (PV) as positive numbers. Both should be entered as negative values because they're outlays. As a result of the error, you'll notice that the final answer was negative. If you do the same computation but enter outlays (PV & PMT) as negative amounts, the final answer will be positive, as it should be. Hopefully this helps.
@TheCbone1979
6 жыл бұрын
Does it have to do with the APR. So Hellen was quoted with an APR of 4.0% APR, so that is the annual rate, so you have to break down the rate to monthly due to compounding. Am I correct?
@joshemman
6 жыл бұрын
Yes. That's the approach used here.
@miguelgarza4812
3 жыл бұрын
Very clear explanation, thank you so much!
@ebtisamalhunaidi1462
5 жыл бұрын
You're videos are almost perfectly
@okkk6375
5 жыл бұрын
Why I always can't get the correct answer, I followed the instruction step by step. For the first example, i got -2848.1866
@a.b.mayweather9038
5 жыл бұрын
Same
@athirahkassim1564
5 жыл бұрын
Same too
@zaccheusmaximus1216
5 жыл бұрын
@@athirahkassim1564 Try resetting the calculator by hitting 2nd and Reset at the bottom right corner of the calculator. then make sure you 2nd CLR TVM again and input information again. Same was happening to me until I did the system reset.
@taozhaojun
4 жыл бұрын
it is because that you set p/y and c/y equals 12, they should be set to 1 in this case.
@imcintyre01
4 жыл бұрын
I keep getting -3,686.15
@williamfinlay5493
5 жыл бұрын
Excellent video
@EliBartEliBart
2 жыл бұрын
Great video thank you!
@pedrocampos2184
4 жыл бұрын
You should do a video tutorial for stocks and bonds calculations on BA II calculator
@yafanglou8157
2 жыл бұрын
nice the video it's very helpful.
@kaustavdutta5768
4 жыл бұрын
Very helpful video. Thanks a ton.
@MegaArifkhan
7 жыл бұрын
Your's is the best, no doubt Joshua - keep it up!
@wellsaid8463
6 жыл бұрын
Very helpful. Easy to follow.
@clarainesaguilararias705
5 жыл бұрын
Excellent video, thanks a lot. Very clear!
@bobster00123
4 жыл бұрын
This was a great video. Thank you!
@soheilrasekhi7263
3 жыл бұрын
on the third question, I get -122,222.44 instead and I did exactly what you did
@joshemman
3 жыл бұрын
You can reset and try again: 2ND RESET [+/-] ENTER CE|C
@tristantrivino6546
3 жыл бұрын
josh my man, thank u
@craigsmith8165
6 жыл бұрын
Super helpful. Thanks Joshua!!
@Eduardo-cr8ri
Жыл бұрын
Hey thanks! Studying for exam FM and i was wondering why enter wasn't changing my worksheet values haha
@joshemman
Жыл бұрын
ENTER does not change TVM values. Each TVM values is stored as you press its button.
@ChiTran-ci2sg
3 жыл бұрын
Really helpful to me. Thank you.
@ronoc89
4 жыл бұрын
Thanks for the tutorial.
@cascam1
7 жыл бұрын
double checking the mortgage payment is $2,848.19 using a BA II plus
@thrwsrain
7 жыл бұрын
cascam1 same here
@afbarnes
7 жыл бұрын
Check your value in P/Y key.
@LuisEstrada-dr6lm
6 жыл бұрын
ami tambien me sale ese valorr!! ayudaaaa
@candyfloss184
5 жыл бұрын
Same here
@herosbreath6715
4 жыл бұрын
This was invaluable. Thank you!
@carlachristian7089
7 жыл бұрын
Thank you so much for your tutorial. It was very helpful.
@gagoodloeful
6 жыл бұрын
Thank you soooo much! i had no idea what to do
@14lamnc1
3 жыл бұрын
great video, thanks so much for the help
@KariWins
5 жыл бұрын
Thank you so much for uploading this video! I was having a difficult time trying to use this for my finance class!
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