Texas Instruments BA II Plus User Guide

Cash Flow Worksheet 45
• Internal rate of return (IRR) is the interest rate at which the net
present value of the cash flows is equal to 0.
Computing NPV
1. Press ( to display the current discount rate (I).
2. Key in a value and press !.
3. Press # to display the current net present value (
NPV).
4. To compute the net present value for the series of cash flows
entered, press %.
Computing IRR
1. Press ). The IRR variable and current value are displayed (based on
the current cash-flow values).
2. To compute the internal rate of return, press %. The calculator
displays the IRR value.
When solving for IRR, the calculator performs a series of complex,
iterative calculations that can take seconds or even minutes to complete.
The number of possible IRR solutions depends on the number of sign
changes in your cash-flow sequence.
• When a sequence of cash flows has no sign changes, no
IRR solution
exists. The calculator displays
Error 5.
• When a sequence of cash flows has only one sign change, only one
IRR solution exists, which the calculator displays.
• When a sequence of cash flows has two or more sign changes:
– At least one solution exists.
– As many solutions can exist as there are sign changes.

Texas Instruments BA II Plus Specifications

General

Type	Financial
Cover	-
Form factor	Pocket
Control type	Buttons
Product color	Black
Digits	10 digits
Display tilting	No
Display number of lines	1 lines
Memory registers	10
Power source	Battery