This video explains how to construct an amortization schedule using the TI BA II Plus calculator. The method discussed is also used to calculate mortgage payments. Calculating Bond Price: • Calculating Bond Value...
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@PerryCuda5 жыл бұрын
CFA WARNING!: when you have finished this calculation in the Level 1 CFA Quant section make sure to reset your I/Y default to P/Y = 1, C/Y = 1. Otherwise, you'll miscalculate ALL of your fixed income calculations, your dilutive securities, any cost of capital problems, and any TVM problem. It's almost not even worth the risk of doing it this way.
@WorldWideSk8boarding2 жыл бұрын
instead of setting C/Y you can also just find EAR not sure whats better... i think im going to avoid risking forgetting to set C/Y back to 1 lol
@elivelie92496 ай бұрын
do not disrespect my King Joshua Emmanuel
@ZekeRodriguezshow8 жыл бұрын
This explanation is better than the $200.00 software I purchased for my Finance class ha ha/ Thanks for the upload!
@davidcooper73392 ай бұрын
Finally I've figured out that there's nothing wrong with my calculator and this example proved a success. Excellent demonstration.
@MrMatt03299 жыл бұрын
watched this before my exam the other day, perfect video, thank you so much.
@bookedtea7 жыл бұрын
I cannot thank you enough for your tutorials. you've definitely saved me more than once and I've only had class for a week!
@belkacemguehaiz39888 жыл бұрын
Thank you for the video! Much appreciated. Learned more in your 4 min video than a whole class at University
@becca79843 жыл бұрын
Thanks so much for your video! I'm in an introductory accounting class and I was doing this by hand! This makes it so much easier with this calculator, and your explanation! 🙂
@celiaschirado93849 жыл бұрын
thank you!! I like the way you explained it.
@ShahidulIslam-wr5lw8 жыл бұрын
Thanks a lot. I don't know how to calculate amortisation in calculator. This video helped me to get it.
@tejiriaren39827 жыл бұрын
Thanks a million Joshua Emmanuel, you are a life saver!
@GMornat2 жыл бұрын
Thanks for your content Joshua, always super clear !
@Pysankarka6 жыл бұрын
Thank you! Great video, so easy to follow and understand. Thanks again.
@romanotafaj98188 жыл бұрын
Thanks man, nice and clear to understand!
@justineowona42918 жыл бұрын
THANK YOU SO MUCH!!! you taught me so much in this short video!!
@stephaniealdana50886 жыл бұрын
This was extremely helpful! Thank you.
@alexandrabunker10125 жыл бұрын
Thank you so much Joshua, this was very helpful!
@danf736 жыл бұрын
Wow, what an awesome explanation! Thank you!
@ebtisamalhunaidi14625 жыл бұрын
you save my life for the next exam ,,,, appreciate it
@carolinalynch20877 жыл бұрын
Greatttttt video, so simple to understand. I so needed this for financial management course.
@perspective14095 жыл бұрын
My teacher went way too fast so I ended up writing the steps down wrong. Thanks for the clear explanation!
@bernardchung14436 жыл бұрын
The video is super good! Thank you so much!
@ericzhou90538 жыл бұрын
Thanks for helping! what a good job!
@chrisstubstad1487 жыл бұрын
Your videos are great. Thank you
@lenanguyennn3 жыл бұрын
thank you so much. this has helped immensely!
@miss_gono6 жыл бұрын
The best explanation i'v ever seen! myb exam is tomorrow!
@mindykanaskie39385 жыл бұрын
Brilliant, thank you! BTW, you can change the number of decimal places by using 2nd, Format, then type the number of decimal places you'd like,then press enter.
@MikeSmith-xg5nw8 жыл бұрын
Amazing video, thanks a lot man!
@matthewagnello12088 жыл бұрын
Great explanation, thanks!
@RaulPelcastreRealEstate4 жыл бұрын
Very clear instructions and video quality.
@laurenbellamy2 жыл бұрын
This is great, thank you so much!
@solnest5554 жыл бұрын
You are great teacher, you saved my bmat! Thank u!!!@!😘
@yannischristodoulides96738 жыл бұрын
Great video. Thank you.
@dorischong25189 жыл бұрын
thx for the explanation, Joshua!
@joshemman9 жыл бұрын
Doris Chong You're welcome Doris.
@becca79843 жыл бұрын
Just as a side note, after you calculate PMT, and then hit 2ND AMORT, you can just click CPT after P1 and it will automatically go to 2nd Payment :) If that's easier for you, rather than clicking 2 and then P1 and P2 :)
@mihikajoshi39282 жыл бұрын
Hey, thanks for the tip! Do you know what the difference between P1 and P2 is?
@conniemasiya74252 жыл бұрын
Thank you, saves time
@mmx0732 Жыл бұрын
Super, thanks!
@GhoulPB3 жыл бұрын
I've been struggling so much in my financial math course, you sir are a hero.
@maujranii7 жыл бұрын
You are great. Thanks!
@nataliechua9934 Жыл бұрын
I love this! This was like magic :) thanks for the video
@joshemman Жыл бұрын
You're welcome, Natalie.
@irina-alexandra.constantinescu3 жыл бұрын
Excellent! Thank you!
@AloneMaru7 жыл бұрын
Thank you very much!
@henryy69184 жыл бұрын
Thank you Josh!
@andrewgarrettdrums6 жыл бұрын
You're a legend
@oatsnahhh4774 Жыл бұрын
Thank you so much.
@AlwaysHappyReading7 жыл бұрын
Thanks, so perfect~~!!!
@diane49936 жыл бұрын
thanks a million!
@CC-es1jm6 жыл бұрын
nicely done!
@Clifffffffffford6 жыл бұрын
Thanks Joshua!
@oluwadamiloladaniel51406 ай бұрын
Thank you!
@greensea664 жыл бұрын
Thank you!!
@brettswannell98286 жыл бұрын
Is there a way to find out the total principle remaining or paid off up to a certain point without having to add them up and create a table by hand? I understand its not necessary for a 4-year amortization schedule but would be EXTREMELY helpful when I am working on a 30-year mortgage with monthly payments
@rheinxromer6 жыл бұрын
oh man thanks so much
@sajadahmad3333 жыл бұрын
Great Video Joshua, One Questions, my calculator shows cumulative interest instead of current period interest. Any reason?
@qatar00649 жыл бұрын
thank you
@a.g.61193 жыл бұрын
Thank you
@dhruvtrivedi76897 жыл бұрын
thanks josh
@footballfc29244 жыл бұрын
hi joshua, thanks for your video! i was trying out examples of amortisation schedules using the baii calculator and got a doubt. If my principal is 20000 and the rate is 2% pa to be paid in 5 years (60 payments), I get 60 payments of 333.50 which added together yield 20009.76, but I expected it to have yielded more than that, like more towards 20000+(2%*20000=400). Can anyone tell me what I'm thinking or doing wrong? regards, jose'
@hlengiwemkhabela26655 жыл бұрын
Wow thank you very much for FV 0. My interest was so wrong bcos I ddnt press FV 0 thanks
@JJayesh_Rathod6 жыл бұрын
Thanks bro
@michaelguadagno44533 жыл бұрын
Is there a quick and easy way to calculate total interest paid over the loan term on the BAII or in excel instead of constructing an amort schedule?
@niccolatartaglia30168 жыл бұрын
Great video, but is is still incumbent on you to explain when you clear TVM and when you don't. At 2:10 you are re-inputting the payment of 6071.14 although it is still saved in the key PMT from before. The reason why I think this is important is because I do not understand which parts of the previous computation are necessary to create the amortization table. Still very helpful video!!!
@joshemman8 жыл бұрын
+Niccola Tartaglia At 2:10, you really don't have to re-input PMT. But in real-life situations, you don't make payments of 607.13894... You pay 607.14.
@niccolatartaglia30168 жыл бұрын
+Joshua Emmanuel Oh ok, I see, now I get it. I was a little bit confused because I thought that you deleted everything in the TVM memory before (with 2nd CLR TVM) and then ONLY typed in the payment of 607.14. But that of course does not work. Thanks for your reply and thanks for the video, very good explanation!!!!
@JennyFarley29 күн бұрын
thanks bro
@joshemman28 күн бұрын
You5re welcome, Jenny.
@andrewrossman80228 жыл бұрын
Hi Josh- i really like your video. Is there somewhere to download the calculator for my computer?
@joshemman8 жыл бұрын
I'm not aware of any download source for the BAII Plus for desktop/laptop. However, you can download the app from the App store.
@andrewrossman80228 жыл бұрын
+Joshua Emmanuel Thanks for the quick response! I have the app downloaded for my iPhone but don't see a way for me to download the calculator to my laptop. How were you able to make this video if you didn't have the calculator downloaded to your computer?
@joshemman8 жыл бұрын
Professors teaching with the BA II Plus get a USB emulator from the manufacturer. It's a plug & play device. No installer.
@kuldeepchawla81064 жыл бұрын
Hi, I was wondering how to calculate the rate, if we have FV, PV and N. My BI ii gives me error message if i follow the instructions. Could you please help me out.
@jidefolami19332 жыл бұрын
Please ensure that the PV and FV are in alternating signs. For example, PV could be set as a negative number to indicate initial cash outflow, then, FV would set as a positive number to indicate cash inflow at the end of the investment period of N.
@mdell-t46554 жыл бұрын
I have been trying to figure out uneven payments
@hanalalhan9 жыл бұрын
Hi I followed you step by step, but I didn't get the same numbers you got for balance, PRN, INT, what would be the mistake?
@joshemman9 жыл бұрын
Maybe you re-input the PMT incorrectly. Try doing it again without re-inputting PMT (You don't actually have to). Let me know if that works please.
@birdy20081005 жыл бұрын
At 3:03, the interest inputted for the second year is 1280.09, and it is wrong. The calculator shows the right number 1284.087236. Others are perfect.
@darrennathaniel5522 жыл бұрын
Hi Joshua, can I ask is it possible to solve this question with the default C/Y = 1 and P/Y = 1? Therefore my N= 16, I/Y = 2, FV = 0, PV = -20,000 and solve for PMT. however the answer i get is 5892.01. is there something i missed?
@joshemman2 жыл бұрын
It won't work this way. First, N is the number of payments; there are only 4 payments, not 16. Second, since payment interval and compounding frequency are different, you will first need to convert the interest rate to annual rate which is not 2%.
@darrennathaniel5522 жыл бұрын
@@joshemman thank you sir i appreciate the reply!
@fernandocruz-zf3gc4 жыл бұрын
May I ask why the first year interest is not 20000*8%?
@timy87493 жыл бұрын
Because he set C/Y=4, which means the loan is compounding quarterly. That's why the interests from the first year is greater than $1600
@shijothomas78558 жыл бұрын
if you put pv in negative pmt should be in positive then only getting bal 15577.5
@joshemman8 жыл бұрын
+shijo thomas If you input -ve PV, PMT will be +ve, & your BAL should be negative (-15577.50) in the first period.
@singpankipietro7635 жыл бұрын
How if the payment made every three month? What is the p/y ?
@becca79843 жыл бұрын
You might have to take 3 months ÷ by 12 to get # of years. That's just my guess....
@Zi_gemi82225 ай бұрын
My Bal shows 27,719.78 and I don't know why
@ann-stephaniedumont26847 жыл бұрын
When you are ready to Amort, why do you put P1 ENTER and P2 ENTER ?
@joshemman7 жыл бұрын
P1 = Payment interval 1, P2 = Payment interval 2, and so on.
@ann-stephaniedumont26847 жыл бұрын
Thank you for the quick reply !
@randiaz957 жыл бұрын
In the video you said p1 was beginning period and p2 is the ending period so if you put p1=1 and p2=4 it will get all of the interest payments principal payments and balance throughout 1 to 2?
@joshemman7 жыл бұрын
You mean 1 to 4?
@randiaz957 жыл бұрын
Yeah
@ppppp13786 жыл бұрын
Now i can pass the exam
@some_dude_nate8 ай бұрын
ok how do you solve for a 30 year without doing this long process
@joshemman8 ай бұрын
It depends on what you're looking for. See if this helps: kzbin.info/www/bejne/a2bbmHhqZaqlqLc or this kzbin.info/www/bejne/qYXLl6yigpWmirc
@juliusseizure5705 Жыл бұрын
You actually put $1280.09 in P2 interest when it should've been $1,284.09
@contacttimbre Жыл бұрын
Doesn't work by these directions. I have watched and done this several times