2025 CFA Level I Exam: CFA Discussion Topic: Time value of money question

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Topic: Time value of money question

Author	Topic: Time value of money question
jasonlwkd @2014-04-24 16:35:04	First up, hey to everyone on analyst notes. I'm getting started on my CFA study and hope it'll be a rewarding one. I've got a question regarding the Texas BA2+ calc with regards to a TVM question, it goes Bank accepted bill has a yield of 5%, Face value $500,000, 90 days to maturity (out of 365) The values I put in are FV=500k, I/Y 90/365x5, N=1, that gives me the correct answer. If I put in FV=500k, I/Y=5%, N=90/365, I get the wrong answer. Anyone knows why? Thanks a lot

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Topic: Time value of money question

jasonlwkd
@2014-04-24 16:35:04

First up, hey to everyone on analyst notes. I'm getting started on my CFA study and hope it'll be a rewarding one.

I've got a question regarding the Texas BA2+ calc with regards to a TVM question, it goes

Bank accepted bill has a yield of 5%, Face value $500,000, 90 days to maturity (out of 365)

The values I put in are FV=500k, I/Y 90/365x5, N=1, that gives me the correct answer.

If I put in FV=500k, I/Y=5%, N=90/365, I get the wrong answer.

Anyone knows why? Thanks a lot

CFA Discussion Topic: Time value of money question

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CFA Discussion Topic: Time value of money question

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