Based on the enormously popular (well, in financial circles) BA II Plus Advanced Financial Calculator, the BA II Plus Professional adds functions for Net Future Value (NFV), Modified Internal Rate of Return (MIRR), Modified Duration, Payback, and Discount Payback. Aesthetic touch-ups include a brushed metal exterior, easier to read display, a more comfortable "firm-touch" keypad, and no-slide rubber feet.
Though it takes a little effort to master the collection of financial worksheets available on the BA II Plus Professional, you’ll be glad you invested the time and money in this fine financial calculator. It operates in standard calculator and worksheet modes. The standard mode lets you perform common math as well as operations involving the time value of money—that is, applications such as mortgages or annuities in which payments are equal and evenly spaced. You can also perform trigonometric functions in standard mode.
The more hard-core worksheet mode includes tables for amortization, bond, depreciation, and compound interest. If you’re not familiar with such calculations, the very helpful user’s manual will guide you through the process. All previous worksheet values are stored in memory, so you don’t have to retype all the bond maturity or cash flow analysis figures.
The average user who wants to calculate a basic loan payment will be more comfortable working in the standard calculator mode. You can learn to calculate basic interest and payment periods within minutes, and more advanced features are available for those who require heavy-duty financial computing.