Texas Instruments BA II Plus – A Must Have for Finance Majors

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  • Profitability calculations; cash flow function Calculates NPV and IRR for uneven cash flows
  • Time-value-of-money and Amortization keys solve problems including: pension calculations, loans, mortgages, etc.
  • Ideal calculator for students, managers and statisticians
  • Built-in functionality : List-based one- and two-variable statistics with four regression options: linear, logarithmic, exponential and power

A financial calculator is an essential tool for people looking to manage their finances. This goes for you if you are a business person, an actuary, a business student, or if you want a financial calculator for personal finances. Getting the ideal financial calculator is always a complicated process of trying to strike a balance between the functions and the price you expect to pay for a particular brand. One of the brands which is especially popular amongst Finance Majors is Texas Instruments BA II Plus. It is capable of handling both basic and advanced math with ease. It is a favorite tool for accounting and finance students as it allows you to apply financial instruments in the real business world.

Features of Texas Instruments BA II Plus

Handles Complex Math

One of “TI BA II plus financial calculator” offerings is the ability to handle amortization schedules and time-value-of-money problems. You will be entirely comfortable to calculate annuities, savings, leases, mortgages, and so much more.

Not to mention, Texas Instruments BA II Plus Professional financial calculator can perform cash-flow analysis using IRR and NPV for up to 24 uneven cash flows. This way, you are set to calculate the value of a business and even gauge if it is profitable or not.

Multifunction Features

Texas Instruments BA II Plus calculators give you lots of methods of calculating interest rate conversions and depreciation.

In depreciation, you have four methods including SL (straight-line), SYD (sum of years’ digit), DB (declining balance) and DB with SL Cross-over. It also allows for easy conversion between annual and effective interest rates.

Basic Math Functions

Other keys help you solve regular financial math like trigonometry, powers, and natural logarithms. It has ten memories to make it easy to store formulas, especially for lengthy math more so in CFA classes.

This calculator is a perfect accessory in accounting, statistics, economics, and finance. With the high prices associated with financial calculators, this model of Texas Instruments BA II Plus gives you durability so that you can entirely depend on it.

Main Specifications

  • Easy-to-read, 10-digit display
  • Prompt display shows current variable label and values
  • Calculate IRR and NPV for cash-flow analysis
  • Store up to 24 uneven cash flows with up to four-digit frequencies; edit inputs to analyze the impact of changes in variables
  • Time-value-of-money function
  • Quickly solve calculations for annuities, loans, mortgages, leases, and savings
  • Depreciation schedules
  • Six methods for calculating depreciation, book value and remaining depreciable amount
  • Interest rate conversions
  • Convert between annual (nominal) and effective interest rates

An easy to use calculator that comes with a detailed user manual making it simple to figure out things. Tutorials can also be easily found on the internet.

Design and build

Coming to the make of the calculator, it is sturdily built and will last you years even with rough use. Let me mention here the buttons are not feather touch – but that only adds to its sturdiness.

The calculator needs only simple ordinary calculator cells and the cells once changed, provide you service for more than 3 years even with high usage.

So, overall Texas Instruments BA II plus is a great buy. It is priced slightly higher than the other Texas Instruments models, but that’s considering its better built and features.

There are two specific models of this calculator — the Texas Instruments BA II Plus and Texas Instruments BA II Plus Professional.

Texas Instruments BA II plus v/s BA II plus professional

Let’s start with the basic version. For most candidates, this is a relatively inexpensive financial calculator that can perform popular financial calculations such as IRR and NPV. This is good enough for any financial course.

Pros

  • User-friendly: most people are generally pleased with the display and the design of this CFA calculator
  • Relatively easy to learn the basic functions

Cons

  • Often requires more keystrokes to accomplish the same tasks (e.g., NPV calculations)
  • The keyboard is not as sensitive when compared to HP 12C
  • Feels a bit flimsy
  • Because it is lightweight and does not come with those “rubber feet,” the calculator tends to wobble when you try to push the button with one hand.

When deciding between the TI BA II Plus and the Professional model, the professional version has a more solid case. The keypad is less flimsy, but there are still some complaints of the keys being too hard to press or too slow to register. Overall, the design is superior to the basic version as long as you don’t mind paying more.

If you don’t have one yet, the TI BA II plus is really the best calculator for the CFA exam. It is much easier to use and more affordable.

While the Texas Instruments BA II plus may require more keystrokes to perform calculations like the NPV, the extra 0.5 seconds longer it takes to complete the computation will not make any difference in your exam.

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