by the finance major | Feb 22, 2023 | Education
The BA II Plus Financial Calculator is a popular tool for performing a wide range of finance calculations in college. These aren’t typically used in the professional world, as spreadsheet software is the go-to. Here are the most common calculations finance majors will encounter:
1. Time Value of Money (TVM) calculations: TVM is used to calculate the present or future value of a stream of cash flows. You can use the BA II Plus to calculate the present value (PV), future value (FV), interest rate (I/Y), number of periods (N), and payment (PMT) for loans, investments, and other financial transactions.
2. Amortization calculations: Amortization is the process of paying off a loan over time, with regular payments that include both principal and interest. The BA II Plus can be used to calculate the monthly payment, total payments, and interest and principal amounts for an amortizing loan.
3. Bond calculations: The calculator can also be used to calculate the price, yield, coupon rate, and other parameters of bonds.
4. Net present value (NPV) and internal rate of return (IRR) calculations: NPV is used to determine the present value of future cash flows, while IRR is used to calculate the rate of return of an investment. The BA II Plus can be used to perform these complex financial calculations.
5. Depreciation calculations: Depreciation is the allocation of the cost of a tangible asset over its useful life. The calculator can be used to calculate the straight-line depreciation, accelerated depreciation, and other methods of depreciation.
by the finance major | Feb 22, 2023 | Education, Fun
These are some of the most important financial hubs in the world:
1. New York City, US: New York City is home to Wall Street, the center of the global finance industry, and is home to major financial institutions like the New York Stock Exchange, the Federal Reserve Bank, and many investment banks.
2. London, UK: London is one of the largest financial centers in the world, with a concentration of investment banks, asset management firms, and stock exchanges. The city is also known for its strong regulatory environment and financial technology sector.
3. Tokyo, Japan: Tokyo is the financial center of Japan and is home to the Tokyo Stock Exchange, one of the largest stock exchanges in the world. The city is also home to many of Japan’s largest banks and financial institutions.
4. Hong Kong, China: Hong Kong is a major financial center in Asia, with a large concentration of banks, asset management firms, and stock exchanges. The city’s proximity to mainland China has also made it an important hub for Chinese companies and investors.
5. Singapore: Singapore is a major financial center in Southeast Asia, with a strong focus on wealth management and private banking. The city is also known for its advanced financial technology industry and strong regulatory environment.
6. Zurich, Switzerland: Zurich is home to many of Switzerland’s largest banks and financial institutions, and is known for its expertise in private banking and wealth management.
7. Frankfurt, Germany: Frankfurt is the financial center of Germany and is home to the Frankfurt Stock Exchange, one of the largest stock exchanges in Europe. The city is also home to many of the country’s largest banks and financial institutions.
8. Amsterdam, Netherlands: Amsterdam is the financial center of the Netherlands and is home to many large financial institutions, including ABN AMRO Bank and ING Group. The city is known for its strong banking sector, advanced financial technology industry, and its expertise in sustainable finance.
by the finance major | Feb 22, 2023 | Career, Education
The CFP exam is a test that financial professionals take to become Certified Financial Planners. They help people manage their money, plan for their future, and make smart financial decisions.
The CFP exam is made up of several sections that test a planner’s knowledge of financial planning concepts. The sections cover topics such as financial planning, retirement planning, estate planning, investment planning, and tax planning.
To prepare for the exam, financial planners usually take courses in financial planning and study on their own. They also gain experience working in the field of financial planning, which helps them better understand the topics covered in the exam.
The CFP exam is a challenging test, and it’s important for financial planners to be well-prepared before taking it. However, passing the exam is an important achievement that can help a financial planner demonstrate their expertise to clients and employers.
Check out the Resources page for CFP Exam prep!
by the finance major | Feb 22, 2023 | Fun
1. “The Intelligent Investor“ by Benjamin Graham: This classic book on value investing has been a favorite of investors for decades. It offers practical advice on how to approach the stock market and build a portfolio.
2. “The Little Book of Common Sense Investing“ by John C. Bogle (founder of Vanguard): This book offers a simple and effective approach to investing, focusing on low-cost index funds and long-term strategies.
3. “A Random Walk Down Wall Street“ by Burton Malkiel: This book explores the efficient market hypothesis and offers insights into how investors can benefit from it.
4. “One Up On Wall Street“ by Peter Lynch: This book offers insights into Lynch’s successful career as a mutual fund manager, and offers practical advice for individual investors.
5. “The Warren Buffett Way“ by Robert G. Hagstrom: This book explores the investment strategies and philosophies of Warren Buffett, one of the most successful investors of all time.
6. “The Bogleheads’ Guide to Investing“ by Taylor Larimore, Mel Lindauer, and Michael LeBoeuf: This book offers practical and easy-to-understand advice on investing, and is a great resource for both new and experienced investors.
7. “The Psychology of Money“ by Morgan Housel: This book explores the role of human psychology in personal finance and investing, and offers practical insights for managing money and building wealth.
by the finance major | Feb 22, 2023 | Fun
1. “Billions”: This Showtime series follows a battle between a U.S. Attorney and a hedge fund king. It’s full of drama and intrigue, and offers a fascinating look into the world of high-stakes finance.
2. “Shark Tank”: This ABC show features entrepreneurs pitching their business ideas to a panel of investors, known as the “sharks”. It’s a great way to learn about business valuation and negotiation, and it’s also a lot of fun.
3. “The Profit”: This CNBC show features entrepreneur Marcus Lemonis as he invests in struggling businesses and helps them turn things around. It’s a great way to learn about business strategy and management.
4. “American Greed”: This CNBC show examines high-profile cases of financial fraud and white-collar crime. It’s a fascinating look into the dark side of finance, and it can be a cautionary tale for viewers.
5. “Mad Money”: This CNBC show features host Jim Cramer as he provides investing advice and commentary on the stock market. It’s a great way to learn about investing strategies and market trends.
Check out these iconic finance movies!
