BA II Plus Setup

Question 1

What BA II mode should you use for retirement withdrawals?

Answer 1

BGN mode (withdrawals start at retirement).

Question 2

What BA II mode should you use for regular annual contributions to RRSPs/TFSAs?

Answer 2

BGN mode if contributions at beginning of year; END if at end.

Question 3

What’s the sign convention rule in BA II?

Answer 3

Cash outflows = negative, Cash Inflows = positive.

PV and PMT must have opposite signs.