标题: Help with financial calculator [打印本页] 作者: thisisbrianly 时间: 2011-7-23 22:27 标题: Help with financial calculator
Hi,
I've bought Texas BA plus calculator and I am trying to set my hands on it, however, I am stuck in the following problem (Reading 65, practice question 1b)
A 5-year amortizing security with a par value of $10,000 and a coupon rate of 5% has an expected cash flow of $2,309.75 per year, assuming there are no principal prepayments. The annual cash flow includes interest and principal payment. What is the present value of this amortizing security assuming a discount rate of 6%?
Wanted to know if the problem can be solved directly by entering the values in calculator (if so, how) or will we have to find the present value for each year and add them up.
Any help would be much appreciated.
Thanks!
Nishant作者: CFA4Techie 时间: 2011-7-23 22:31
You can do this directly on the calculator
PMT = -2309.75
I =6
N=5
CPT PV作者: troymo 时间: 2011-7-23 22:35
try atomiclearning.com. I also recall quartic training offering a free calculator tutorial.
