As with the payments per year, once you set your calculator to either BEGIN or END, it will stay that way until you set it back. For an ordinary annuity, you must set your calculator to END and for an annuity due, you must set your calculator to BEGIN. Some types of annuities (annuity due) assume that all payments come at the start of each period.
![corporate finance calculator corporate finance calculator](https://thumbs.dreamstime.com/z/financial-document-calculator-finance-calculator-bill-business-pen-mathematics-paper-118168236.jpg)
![corporate finance calculator corporate finance calculator](https://www.tlbox.com/wp-content/uploads/2014/01/Canon-Office-Products-HS-1200TS-Business-Calculator-1024x1024.jpg)
Note that when you make a change in periods per year it will stay that way until you change it back. The following steps will walk you through changing your periods per year. As different problems will have different payment schemes, you need to be able to change the periods per year on your calculator. However, many things we do are designed to be done on an annual basis (1 period per year). If you are buying your calculator new, it is likely set to 12 periods per year (monthly). If you have a different financial calculator, refer to the manual. While there are many different types of financial calculators and each is set up differently, this page will focus on three specific calculators - the HP10BII+, the TI-BAII+, and the TI-83 or TI-84.
#Corporate finance calculator how to
The main body of the Chapter Three notes walks through how to solve different problems on your financial calculator, but this page is focused exclusively on how to set up your calculator to deal with things like non-annual compounding periods, annuity dues (annuities with payments coming at the beginning of the period), and changing the decimal display. However, if you don’t know how to set-up your calculator or how to use it, it becomes almost worthless. Also, by being more convenient, we are less likely to make mistakes. The advantage of calculators is that they are much more convenient than using tables or direct formulas.
![corporate finance calculator corporate finance calculator](https://n1.sdlcdn.com/imgs/c/v/e/Texas-Instruments-Financial-Calculator-SDL679147230-1-e7f1c.jpg)
Fang Lin and Jennifer Pursley Introductionįinancial calculators are tools that help us solve time value of money calculations.