Business and Finance Math #5: Calculating the Effective Annual Rate (EAR) on the TI-83 & TI-84 Plus

While they are intended primarily for math and statistics work, the TI 83 Plus and TI 84 Plus also have a slew of built in financial functions similar to those available on advanced financial calculators. This tutorial describes how to …
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Business and Finance Math #4: Continuous Compounding on the TI BA II Plus & HP 12c

Sometimes when reviewing time value of money (TVM) problems, you may encounter a situation that involves continuous compounding. As we have seen in our previous posts on interest rates and calculating effective rates, the more times compounding occurs, the higher …
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Business and Finance Math #3: Converting Effective Interest Rates (EAR) to Stated Interest Rates

In our previous blog post we introduced the concept of the effective annual rate (EAR), which is the true interest rate when compounding occurs more than one time per year. For example, 10% compounded semiannually is the same thing as …
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Business and Finance Math #2: Calculating the Effective Annual Rate (EAR) on Your TI BA II Plus or HP 12c

Consider the following problem: Timmy Burns plans to open a new bank account and calls several banks to find out where he can earn the most interest on his money. After talking with several banks, Timmy has three options. Which …
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Filed under Difficulty: Easy, Finance, HP 12c, TI BA II Plus | 2 Comments

Business and Finance Math #1: Future Value of an Annuity Due

Business and Finance Math is an ongoing series produced by Calcblog to present topics and concepts found in the world of business and finance. Our goal with this series is to provide you with a practical framework for identifying and …
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Filed under Difficulty: Medium, Finance, HP 12c, TI BA II Plus | 3 Comments