Elanguide Level1 - TI BA II Plus calculator

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kkn006

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Elanguide Quant has all the calculations in TI BA II Plus calculator steps, rather than providing formula, I’m confused, how is every one doing it. Did you guys buy this calculator
 
Elanguides Quantative methods : page 15 - Loan Payments and Amortization, where is the formual, it’s all examples without concept or formula.
Similarly for Annuity, I didn’t like Elan material, I want to understand the concept and know formula rather than learn some calculator tips.
I found the following site useful for annuity http://thismatter.com/money/investments/present-value-future-value-of-an...
 
You need to buy the calc for the exam and yes I’ve bought it. Personally I preferred Elan’s practical approach TVM. Made it so much easier than the curriculum.
 
kkn006 Wrote:
——————————————————-
> Elanguides Quantative methods : page 15 - Loan
> Payments and Amortization, where is the formual,
> it’s all examples without concept or formula.
>
> Similarly for Annuity, I didn’t like Elan
> material, I want to understand the concept and
> know formula rather than learn some calculator
> tips.
>
> I found the following site useful for annuity
> http://thismatter.com/money/investments/present-va
> lue-future-value-of-annuity.htm
Page 15 is ethics, I don’t think we’re looking at the same stuff? Anyways I watched the videos and study notes for quant and I don’t remember not seeing the breakdown for problems?
 
Elan provides the steps and the formulas. The calculator keystrokes are a bonus feature that I really appreciate. You have to buy a financial calculator and know how to use it for the exam man.
For example if a question asks you to detemine the monthly payments on a cash flow stream that has a PV of x, an FV of y, number of payments of z and an interest rate of i, its definitely easier to use timelines and the calculator as opposed to discounting each payment manually. That’s next to impossible to accomplish without trial and error.
Are you saying you would rather calculate IRR through some formula (which definitly involves trial and error) rather than through your calculator?
My $0.02: Buy the calculator. It’s basically required for the exam and buy the videos if you haven’t.
kkn006 Wrote:
——————————————————-
> Elanguide Quant has all the calculations in TI BA
> II Plus calculator steps, rather than providing
> formula, I’m confused, how is every one doing it.
> Did you guys buy this calculator
 
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