Need Help with Caculator on Non current Liabilites

CFA Level I FRA
#1

Hi, i understand the computations of non current liabilites from what i see the whole study session can be easily solved by using your caculator but i am having trouble on inputing numbers and figuring out how to use the caculator. Please is there anyone that can help? like is there a guide out there? (schweres video class is not too much helpful i have the Texas instrument BA II plus Pro, black color).

For example :

Face value $67,831 Maturity 4 years Coupon 7% Market interest rates 8%

What is the unamortized discount at the end of the first year?

I input these numbers N = 4 I/Y = 8 PMT = 67,831 x 0.07 = 4748.17 FV = 67,831 --> CPT PV?. The problem here you see is i need instructions on solving any variable stated above ^^^^ using a calculator like is there a guide to it?.

edit- like what button do i press to always solve for any variable stated above ???

#2

I think you are doing it right - enter all the variables as you have, and then hit CPT PV. You should get -65,684.35 as the present value. Note - make sure to clear the calculator before doing a TVM problem using 2ND FV. The calculator remembers the numbers even if you shut it off.

#3

If it matures in four years and you’re to compute the present value at the end of the first year, then n = 3, not 4; after one year there are only three years left to maturity.

#4

thanks , for the tip i eventually figured it out

#5

My pleasure.