Decimal Place Setting And Error In AMORT Function In Texas Instruments BA-II Plus Calculator
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Keywords
Amortization, Principal Reduction
Abstract
Setting decimal places to two in Texas Instruments BA-II Plus financial calculator to be consistent with our currency denomination is insidious. It yields erroneous amortization answers that elude unsuspecting users. The only remedy to minimize the erroneous answers is to increase the decimal places to nine, the maximum permissible by the calculator.
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