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Thread: BA-35 help

  1. #1
    Actuary.com - Level II Poster
    Join Date
    Mar 2005
    Location
    USA, New York
    Posts
    44

    BA-35 help

    I am using a BA-35 solar and I am having trouble using it to calculate annunities. I have been using the calculator help on the SOA website and I can get the answers that they post for problems but my answers for questions in my review book are not correct.

    For example, Compute the PV of an annuity-immediate of $100 per annum for 15 years at 4% effective. Answer 1111.84
    I type:
    100 PMT 15 N 4 %i CPT PV
    I get 1418.65

    Also,
    Find the PV of an annuity-immediate of $50 every 6 months for 10 years at a nominal rate of interest of 4% per annum compounded semiannually. Answer:817.57
    I type:
    50 PMT 20 N 2 %i CPT PV
    I get 1188.43


    Also,
    If $100 is deposited at the end of each year for 5 years at 5% effective, how much is in the account on the date of the last deposit? Answer: 552.56
    I type:
    100 PMT 5 N 5 %i CPT FV
    I get 680.19

    Any idea what I am doing wrong?!?!
    Thanks!

  2. #2
    Actuary.com - Level II Poster
    Join Date
    Mar 2005
    Location
    USA, New York
    Posts
    44
    Nevermind, I must have been hitting the CE/C button and that is why it was't working. I thought that was the clear button.

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