-
Increasing/Decreasing Annuity - This method is a bit of a hack and you still need to divide through by the interest rate.
-
Compound Growth Annuity - Much like calculating a normal Annuity but with a clever trick at t=60s.
-
Bond Spreadsheet - An example of calculating bond price
PRIand accrued interestAIon a bond. Interest is accrued when the bond is sold between coupon payments. The BA II Plus uses the Semi-Theoretical Method.
-
Format Settings - Switch between Chain (
CHN: operators are applied immediately with no precedence) and Algebraic Operating System (AOS: the expression is evaluated using PEMDAS). -
Calculating the modified duration of an annuity immediate.
What is the modified duration of a 4 year annuity with level payments of $500 and a 6% annual yield?
| 2ND | BOND | |
|---|---|---|
| SDT | 1-01-2000 |
|
| CPN | 9,999,999,999 |
use the largest number possible since coupon (CPN) is a percentage of redemption value (RV), which is zero. |
| RDT | 1-01-2004 |
|
| RV | 0 |
|
| 1/Y | ||
| YLD | 6 |
|
| PRI | CPT = 3.4651 |
a(4,6) |
| DUR | 2.2898 |
⬅️ 🤓 💯 |