Future value of a lump sum
$5,000 invested today at 6% a year for five years.
[2nd] [CLR TVM] 5 [N] 6 [I/Y] 5000 [+/-] [PV] 0 [PMT] [CPT] [FV]
FV = 6,691.13
Why it worksRead the financial calculator guide
Interactive CFA® practice tool
Free Online BA II Plus Financial Calculator for the CFA® Exam
Practise the BA II Plus key positions and CFA-focused worksheets before you repeat the same sequence on your approved physical calculator.
Quizara practice tool
CFA Financial Calculator
STANDARDEND
CHNDEC 4
QUIT
SET
DEL
INS
×P/Y
P/Y
AMORT
BGN
CLR TVM
K*
RAND*
HYP*
SIN*
COS*
TAN*
x!*
eˣ*
DATA
STAT
BOND
nPr*
ROUND*
DEPR
Δ%*
BRKEVN*
nCr*
DATE*
ICONV
PROFIT*
ANS*
CLR WORK
FORMAT
RESET
* Key-position reference only; not available in this practice tool.
Original Quizara interface with CFA-focused BA II Plus™ key positions. Not affiliated with or endorsed by Texas Instruments or CFA Institute.
Active worksheet
TVM values
N0.0000
I/Y0.0000
PV0.0000
PMT0.0000
FV0.0000
P/Y1.0000
C/Y1.0000
Key path
- Press 2ND + CLR TVM before a new problem.
- Enter each known value, then press its TVM key.
- Press CPT followed by the unknown TVM key.
Use this for practice and verify exam-day policies with CFA Institute. Bring an approved physical calculator to the exam.
Included in the CFA practice scope
- TVM and END/BGN payment timing
- Cash flows, NPV, and IRR
- Bond price, yield, and accrued interest
- Interest conversion and amortization
- Straight-line, SYD, and declining-balance depreciation
- One-variable statistics and linear regression
- Ten storage memories and core arithmetic
Independent educational tool
Quizara is not affiliated with or endorsed by Texas Instruments or CFA Institute. This tool is for learning, not for use in the exam. Current CFA exam policies and the approved physical calculator remain authoritative.
Set it up once, the CFA way
Settings persist between questions on the physical calculator, so candidates fix these three before they start studying.
Step 1
Show four decimal places
[2nd] [FORMAT] → 4 → [ENTER] → [2nd] [QUIT]
Changes what the screen shows; it does not normally reduce internal precision.
Step 2
Set P/Y and C/Y to 1
[2nd] [P/Y] → 1 → [ENTER] → [↓] → 1 → [ENTER] → [2nd] [QUIT]
Then convert every problem to per-period N, I/Y and PMT yourself.
Step 3
Confirm END mode
[2nd] [BGN] → if BGN shows: [2nd] [SET] → [2nd] [QUIT]
Use BGN only for an annuity due, then switch back.
Three CFA Level I calculations to try now
Enter each sequence on the calculator above and check the result. The guide explains every input and sign.
Price a semiannual coupon bond
Five years, 6% coupon paid semiannually, 7% yield, $1,000 face value.
[2nd] [CLR TVM] 10 [N] 3.5 [I/Y] 30 [PMT] 1000 [FV] [CPT] [PV]
PV = –958.42
Why it worksNPV and IRR of uneven cash flows
Pay $1,000 today, receive $400 a year for three years, 10% required return.
[CF] [2nd] [CLR WORK] 1000 [+/-] [ENTER] [↓] 400 [ENTER] [↓] 3 [ENTER] [NPV] 10 [ENTER] [↓] [CPT] [IRR] [CPT]
NPV = –5.26 · IRR = 9.70%
Why it worksFrom keystrokes to exam answers
Learn when to use each worksheet, not just which keys to press.
Time value of money sits in Quantitative Methods, which the free 14-day trial opens in full: a whiteboard Lesson for each of its 87 Knowledge Points, 1 full Mock Exam and 20 AI Credits.
BA II Plus calculator questions
Is this the official BA II Plus?
No. It is an independent practice tool that keeps the BA II Plus key positions and second-function routes, so the same keystrokes transfer to the physical calculator. It is not a Texas Instruments or CFA Institute product.
Can I use an online calculator in the CFA exam?
No. CFA Institute currently permits only the Texas Instruments BA II Plus (including the BA II Plus Professional) and the HP 12C (including the HP 12C Platinum and other specifically approved 12C editions). Check the current CFA Exam Day Guide and bring an approved physical calculator.
Do I need an account to use it?
No. The calculator is free and runs in your browser without signing up.
Which worksheets are included?
TVM with END/BGN timing, cash flows with NPV and IRR, bond price, yield and accrued interest, interest conversion, amortization, straight-line, SYD and declining-balance depreciation, one-variable statistics and linear regression, and ten storage memories.
Why is my TVM answer negative?
Cash outflows and inflows must have opposite signs. A deposit or a bond purchase leaves your hands, so it is negative; the amount you receive later is positive. A negative PV for a bond price is expected, not an error.
Should P/Y be 1 for CFA questions?
Setting P/Y and C/Y to 1 is usually the safest method: you convert each problem to per-period inputs yourself, for example N = 10 and I/Y = 3.5 for a five-year bond paying semiannually at a 7% annual yield.