Groundlearn / BA II Plus / Loan amortisation
BA II Plus loan amortization: interest and principal for any year
Mortgage payments, interest and principal splits, and outstanding balances.
The keys
| set up the loan in TVM | N, I/Y, PV and FV, then [CPT] [PMT]. |
| 2NDAMORT | Opens the amortisation worksheet. |
| P1ENTER↓P2ENTER↓ | The range of payments to report. |
| ↓↓ | Scroll through BAL, PRN and INT for that range. |
Worked example
A 100,000 loan over 30 years with monthly payments at 6% a year. Interest paid in year 1?
| 2NDCLR TVM | Start clean, with P/Y = 1. |
| 360N0.5I/Y100000PV0FV | Monthly rate 6% ÷ 12 = 0.5%. |
| CPTPMT | PMT = −599.55. |
| 2NDAMORT1ENTER↓12ENTER | Payments 1 to 12. |
| ↓↓↓ | BAL = 98,771.99, PRN = −1,228.01, INT = −5,966.59. |
The trap
Keep P/Y = 1 and enter the monthly rate and number of months yourself. Mixing P/Y = 12 with an annual N is the commonest way to get a payment twelve times too small.
The terms behind it
- Present valueWhat a future cash flow is worth today, found by discounting it at a rate that reflects its risk and timing.
- AnnuityA series of equal cash flows at equal intervals.
More BA II Plus keystrokes
- How to set up the BA II Plus for the CFA and FRM examsOnce, before you start practising — and again if the calculator is reset.
- BA II Plus time value of money (TVM): keystrokes and a worked exampleAnnuities, loans, bond prices and retirement problems in every level.
- BA II Plus annuity due: BGN mode keystrokes and the trapLeases, rent, insurance premiums and retirement withdrawals that begin today.
- BA II Plus NPV and IRR: cash flow worksheet keystrokesCapital budgeting, private equity cash flows and money-weighted returns.
- BA II Plus effective annual rate: the ICONV worksheetComparing quoted rates with different compounding, and EAR questions.
- BA II Plus mean and standard deviation: the DATA and STAT worksheetsSample statistics on returns in Quantitative Methods.
- BA II Plus bond price from yield: keystrokes and the semi-annual trapFixed income pricing at every level, using the TVM keys.
BA II Plus is a trademark of Texas Instruments. Groundlearn is not affiliated with Texas Instruments, CFA Institute or GARP; the name is used only to say which calculator these keystrokes are for. Educational content only. Always check your exam body's current calculator policy.
All eight walkthroughs, free in Cornerstone
Cornerstone keeps every keystroke guide on your phone, offline, next to snapshot cards and five-question sessions for CFA® and FRM® candidates. Free on Android, under Profile, calculator keystrokes.
About CornerstoneOr get a free practice question every day on the Cornerstone WhatsApp channel.
← Nominal to effective ratesAll keystrokesMean and standard deviation →