Groundlearn / BA II Plus / Annuity due (payments at the start)
BA II Plus annuity due: BGN mode keystrokes and the trap
Leases, rent, insurance premiums and retirement withdrawals that begin today.
The keys
| 2NDBGN2NDSET | Toggles to BGN mode. A small BGN appears on screen. |
| 2NDQUIT | Back to the standard display, still in BGN mode. |
| … solve as usual … | Each payment now arrives one period earlier. |
| 2NDBGN2NDSET | Switch back to END when done. |
Worked example
The same five payments of 1,000 at 8%, but paid at the start of each year.
| 2NDBGN2NDSET2NDQUIT | BGN on. |
| 5N8I/Y1000PMT0FV | Same inputs. |
| CPTPV | PV = −4,312.13. |
The trap
BGN mode stays on until you switch it off — even after turning the calculator off. Check for the BGN indicator before every TVM problem.
Watch it on the calculator
From our BA II Plus keystrokes video (starts at this step). Open on YouTube.
The terms behind it
- AnnuityA series of equal cash flows at equal intervals.
- Present valueWhat a future cash flow is worth today, found by discounting it at a rate that reflects its risk and timing.
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 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 loan amortization: interest and principal for any yearMortgage payments, interest and principal splits, and outstanding balances.
- 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.
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