User Manual
Gettmg Started 5
BEAR-CH0.DOC BA Real Estate Guidebook Jackie Quiram Revised: 09/28/99 1:17 PM Printed: 09/28/99 1:20 PM
Page 5 of 10
The
#
,
key sequence lets you alternate between
beginning-of-period and end-of-period payments. For
example, a savings or lease situation may require
payments at the beginning of each payment period, while
most loans have payments at the end of each period. These
settings affect how interest is calculated.
When the calculator is set to beginning-of-period, the BGN
indicator is displayed. There is no indicator for the end-of-
period setting.
Note: All of the examples in this section assume end-of-
period payments.
To set the payment timing to end-of-period, press
#
,
until the BGN indicator is turned off.
(BGN/END is the second function of the
3
key.)
The
#
+
key sequence lets you enter the number of
payments (P/Y) per year and the number of compounding
periods (C/Y) per year.
Most loans have an equal number of payment periods and
compounding periods per year. Other Time Value of
Money (TVM) situations, however, may have differing
periods. For example, a savings account may receive
regular monthly deposits (P/Y = 12), but have daily
compounding (C/Y = 365).
All of the examples in this section have 12 payment
periods and 12 compounding periods per year.
Before starting these examples, be sure that P/Y and C/Y
are set to 12. Press
#
+
12
j
j
. (P/Y is the second
function of the
1
key.)
All of the examples in this section (and, in general,
throughout the guidebook) are shown with the decimal set
to two places. To set two decimal places, press
#
o
2.
Getting Started
The examples on the following eight pages introduce you
quickly to the major features of the BA Real Estate
TM
calculator. Try working the examples to find out how easy
it is to solve real estate calculations! Before starting,
however, perform the settings shown on this page to
ensure that the examples give the expected results.
Setting
Beginning- or
End-of-Period
Payments
Setting
Payment and
Compounding
Periods
Setting the
Number of
Decimal Places