I’ve had a BA-II plus calculator for an entire Theory of Interest course and now for Exam FM prep. I always clear TVM and Clear Work between each computation. I always follow the instructors key strokes. It is literally. never. right. Ever.
Here’s an example. I’m doing a problem for 2017 SOA FM exam. I want to solve for a 10000 par value 10 year bond with 8% coupons bought at premium to yield an annual effective rate of 6%. I want to find the book value of year 6.
I put 4 for N, 6 for I, 800 for PMT, and 0 for FV. I would expect this to yield 10693, however, for some reason, it yields 2772.08449. I cleared TVM, and cleared work multiple times. Each time I do it it yields this answer. I need to use this calculator for my June sitting and yet it seems completely useless and I will lose so much time doing computations by hand rather than by calculator.