BA II Plus - Nominal & Effective Rate Conversions

[@exod.oswife]

Thank you Joshua, I've been stuck on this calc for a month now and finally understood

[@joshemman]

So glad to hear that! 🙏

[@matalynsantini2638]

a short video explains it better than my hour and a half lecture

[@blesseds.marisa2633]

😂😂confirmed

[@mada881010789]

Thank you, the best tutorial I have found, clearly demonstrated, clear voice, easy to follow!

[@sanghamitradhara8330]

You are fantastic Joshua. I was fumbling and nervous with all my quants. Your videos explain so clearly the why/what/ hows. I wish I would have found your channel sooner, it would help me in my CFA L1 so much. THANK YOU!

[@my3ung]

Joshua, you are a life saver! After watching your very detailed and logical tutorial, I am now able to complete my mortgage questions for my real estate course without having to buy the course recommended calculator. Thank you so much!!!!

[@aeleemeza4615]

are u using the texas instrument???

[@AndreaMcNair]

Studying for my corporate finance exam and this has been a game changer! Thanks!

[@asadbg]

The third conversion was a good example to clarify any doubts. Thanks.

[@dr123hall]

Saved me of horrendous formula manipulations ... FANTASTIC EXAMPLES!!

[@latte4suzy]

Thank you for your instruction! I just purchased this calculator for my classes and your videos are so easy to understand.

[@greggill1738]

Excellent, well done. Easy to follow along.

[@alishamcbride8003]

You are awesome!!! I gave up on figuring out the problem. Then tried one more thing and went to Google. Lucked up on your video and this is amazing! I got it right. Thank you very much.

[@amitsingh-ll2xq]

It was very helpful indeed. Great that you have shown through multiple examples covering all scenarios

[@vannguyenthanh7366]

Thank you for your sharing ! I am learning on CFA lv1 and I think your videos is really helpful to someone likes me.

[@Standbyualways]

Concise, and well explained, many thanks!!

[@tacticalmochi8044]

Thank you Joshua, after watching this video, I totaolly understand the function of "ICONV". Really helpful!

[@dcelsius4661]

the best tutorials on finance period ! :)

[@connorbulcock8457]

Your videos have helped me tremendously. Thank you!

[@christinamills3702]

Thank you SO much! I have been struggling with the formulas for a week. SO helpful!

[@patino001]

Thanks! Your videos have helped me out for 3 or 4 calculations.

[@en3rgieboy]

awesome vid, no more confusing formulas

[@michelmarcelino1569]

Hi Joshua, you have saved my ass on my exams.

[@mintedchai8123]

Thanks for the explanations, Joshua!

[@Rajeshkumar-li2dn]

You nailed it, excellent sir Thank you very much.

[@ojomona_]

Thank you for this! Your videos are so helpful

[@joshemman]

Glad you like them, Allwell.

[@gursimratkohli9563]

Awesome Sir!! Really helpful!! You've made finance so easy for meQ

[@Sui_Generis0]

This is fantastic. Much quicker

[@raffaelerosato7044]

Thank you for these wonderful videos!

[@youngh902]

Great video! Thank you for your help.

[@zyonhenderson67]

Gotta love KZbin university!

[@VaguelyEmi]

Thanks

[@akashprajapati5660]

Good way of explaining thanks !

[@weekendexplorer3808]

Really great Joshua. Thank you.

[@waluigi9817]

Great time saver, especially going from EFF to NOM can be time consuming

[@PankajSingh0943]

God bless you. Great video man.

[@Kiwismasher101]

These really help me on my test! Thank You

[@pragnachothani4029]

Thanks a lot man. Helped me a lot. Much respect and love to love. Muchas Gracias

[@deadlychuncks]

Thanks broo i was struggling

[@matcha5184]

OMGNYOU ARE A LIFE SAVOR! GoD bless you!! 😘😘😘

[@roseb.5367]

Congrats on 100thousand🎉🎉🎉. I have an exam in a few hours and effective rate is giving me sleepless night 😂

[@joshemman]

Thanks, Rose. I wish you success on your exam.

[@roseb.5367]

@joshemman it all went well, I just need to work on trusting the process. I managed to answer the questions. I hesitated at first, and I tried the formula, but the numbers were off, so I just tried the calculator and I realized that I could do it 🤣😂🤣😂🤣😂 "Lord Help My Unbelief it will hinder me"

[@wirechair]

is there any way to cpt c/y if you have the eff and nom?

[@thesexyhitman1]

Great video , thanks have an exam coming up this will help me a lot

[@claudiatan7092]

Thank you, really appreciate this tutorial !

[@nope69555]

Liked and subscribed, love you brother.

[@joshemman]

Much appreciated, Dylan.

[@thoughtsthroughsound]

Joshua you are my savior!!

[@adelavaldez8080]

Thank you. This is very helpful.

[@kadijamurray5568]

Great video thanks. Can I compute the period of compounding? If I have the Effective rate, the nominal rate and I want to know if it's compounded annually or semiannually, daily etc

[@enjoythesilence790]

Thank you this was very helpful. But are you not missing the last step in the last example? Once you got 7.39, don't you have to divide by 12 to get the compounded monthly rate?

[@joshemman]

+enjoythesilence790 Note that NOMINAL (Annual) RATE -compounded monthly- is computed in the last example. If you want the PERIODIC (monthly) rate, then divide the NOMINAL (Annual) rate by 12.

[@TengwarTeacher]

Very appreciative! Thanks!

[@favouronuoha9687]

I literally have an exam in two hours, thanks man

[@PJL4all]

LOL did you pass

[@favouronuoha9687]

@@PJL4all I actually did lmaoooo

[@t_grumpynoodle]

What an amazing tutorial.

[@TipTokDaily]

Best tutorial thank u!

[@tituscaesar]

so, so helpful! thank you so much! you presented this very well :)

[@jessvschidinma]

Thank you, this was helpful!

[@mudassirsalik5073]

thanks Joshua, so helpful...

[@Hachikii]

you are the best dude!

[@pateladitya3610]

Thank you very very very much sir

[@joshemman]

You're welcome! 🙏

[@cherylmaloney8841]

thank you! very simple and it helped very much

[@moussasarr8914]

Amazing! Thank you

[@millie111001]

It's very helpful, thanks man

[@kaustavdebnath901]

You are superb

[@oliverscott4448]

The absolute GOAT

[@simonaudet4074]

Excellent thank you !

[@ghadaqahtani1089]

الله يدخلك الجنه يا جوشوا

[@blesseds.marisa2633]

Could you please make a video on special situations of annuities...Your videos really help me understand a lot.

[@joshemman]

Sorry, I'm not sure what you mean by "special situations"

[@blesseds.marisa2633]

@@joshemman i mean calculations of Deferred Anuities, Perpetuities and Constant growth Annuities

[@joshemman]

@@blesseds.marisa2633 Oh, I see. I will work on those in the future. Thanks for bringing them up.

[@ritikarustagi6086]

Hi Joshua if we know Nom and eff can we also calculate c/y

[@MrOagile]

Very helpful,thanks

[@Matti_us_Alpe]

Hi there! A question: if I have 6% semi, how can I get quarterly with the calculator? Do I have to convert it to the effective and then again to quarter?

[@joshemman]

Exactly.

[@MehdiNafisi]

You rock man! Thank you.

[@VYNGUYEN-ie6vd]

How do I clear the work for this one? I've tried 2nd -> CLR TVM, even reset the calculator but nothing worked.

[@joshemman]

Try this: 2nd [RESET] ENTER

[@leonchen650]

2nd -> CLR WORK

[@Deeksha257]

Thanks Joshua

[@healy178]

Great video!!!

[@lipusahoo21991]

Hi joshua, thanks for the Vedio.. Learned a lot from u.. it will be helpfull if could show us conversion of Normal rate to Effective for daily compounding Thanks in advanve

[@exoticpain122]

Thank you sir!

[@dakinhelen]

excellent. thank you!!

[@MehdiNafisi]

Once you convert the nominal rate, how do you use it to solve a payment calculation without having to enter it again?

[@joshemman]

Once the value shows up on your screen, just press the I/Y button. It will automatically store it. You can clear the calculator and then check by pressing RCL, then I/Y, to confirm the value is stored.

[@MehdiNafisi]

@@joshemman awesome, Thank you!

[@CharizardCharizard7]

how do I Clear all the numbers on the 2nd--> Icon V. (which includes nom rate, EFF, and c/y)???

[@joshemman]

To reset all values, press 2ND, RESET, ENTER. To clear NOM and EFF (not C/Y), press 2ND, ICONV, 2ND, CLRWORK. However, you don’t need to reset them, you can always overwrite them.

[@darrennathaniel552]

Hi joshua may I ask if i am trying to annualise a monthly interest rate, am I able to do so on the TIBA2plus? For eg. the monthly interest rate is 0.273%. so if i annualise it the formula would be [(1+0.00273)^12] -1 * 100% to derive 3.33%. am i able to use the iconv function to achieve this result?

[@joshemman]

You can obtain it as follows: NOM = 0.273 * 12 = 3.276 C/Y = 12 CPT EFF

[@darrennathaniel552]

@@joshemman u are the best! thank you sir

[@kirat2913]

Can we calculate no of periods in the same feature ?

[@joshemman]

You will need other features for that, like the one in this video: kzbin.info/www/bejne/p4ncdGyJqbh3jKs

[@周沁哲]

its very helpful

[@Alpha-kv3ou]

Can you find Compounding frequency from NOM and EFF given?? Not quite able to do that ig. Pls help

[@joshemman]

Unfortunately, no. The calculator is not designed to that.

[@Alpha-kv3ou]

@@joshemman okay. Thanks a lot for the reply👍 appreciated.

[@Clifffffffffford]

Thanks Joshua!

[@michellelo3475]

Thanks for the video

[@irfanarshad2029]

Hi, I liked your nominal/effective interest rate video. How to clear the previous nominal and C/Y data from the calculatore.? could you please help. Thanks.

[@joshemman]

You really don't have to clear them. You just overwrite them when doing another calculation. However, to reset NOM and EFF to 0, Press 2nd ICONV followed by 2nd CLRWORK. This does not affect C/Y.

[@dseer13]

anyione know how to calculate the frequency of periods using this method?

[@R-rl7qc]

Thank you sooo much

[@reemhaf7804]

around 0.39 you mention that Nominal Rates are not not compounded but it's written that it's compounded, can you confirm this please

[@joshemman]

I mean, when we say "nominal", we are saying that it is compounded monthly, quarterly,...not annually. If it is compounded annually, we will just refer to it as the effective rate instead of saying "nominal rate compounded annually" which means exactly the same. In other words, we use "nominal" when it compounded otherwise than annually.

[@reemhaf7804]

@@joshemman thank you, can i email you a question, i'm doing a simple question following your steps but it's giving me the wrong answer. I will highly appreciate it. thanks again

[@pokednaful]

Bro i have question. Where is %i button on BA calculator?

[@joshemman]

You mean the I/Y button?

[@pokednaful]

@@joshemman idk. When i read book, i found this "To get the value for the five-year period from 1989 to 1994, punch in $.42 for the PV; $.98 for the FV; 5 for the N. Hit the CPT key followed by the %i key, and you get 18.4%." But idk what is %i key. Do you know what is that?

[@joshemman]

​@@pokednafulReset your calculator or set P/Y = 1 and C/Y = 1. Then 5 N 0.42 +/- PV 0 PMT 0.98 FV CPT I/Y You should get 18.46644525

[@pokednaful]

@@joshemman Okay. Thankyou so much for helping me 😊

[@ramakrishna7256]

Thank you very much

[@VaguelyEmi]

lol you teach better than my professor which is sad to say cause im paying him

[@MrTosinBello]

Thank you so much.

[@GamingWithRicky97]

for weekly is it 52?

[@joshemman]

Yes. 52 for weekly.

[@sayefahmed8430]

How do I this without a BA II plus calculator?

[@joshemman]

A KZbin search yields the following: kzbin.info/www/bejne/lajThZt3nKeEsJI kzbin.info/www/bejne/e4fTZ6CJfJ6Zi8k kzbin.info/www/bejne/b5_Sno2Xe6d8jqc

[@anshikasingh5822]

Omg thank you

[@edisonj2103]

Thank you !

[@vigneshsurukanti5238]

goat talk

[@MayankOraon2]

thanks bro

[@calandrawhitestudent8728]

Is there any way to reach out to you? Do you have an email?

[@joshemman]

Sure. See the ABOUT section of this channel.

[@Johny74111]

thanks ,

[@janepaul7811]

Thank you so much!

[@abeera2958]

Thank you so much

[@NdapwaKwedhi]

Thank you!