If you are wondering of what exactly this financial calculator is and how it differs from the common calculator, this post will help you.

A financial calculator is an important tool for everyone who has tasks of managing their finances. It is typically used by a business person, business students, and an actuary, or even anyone who wants to manage their personal finances. It is also a must for CFP/CFA exams.

If you are a student who takes financial courses, financial calculators are great in helping you to solve time-value-of-money problems, present value, internal rates or return, markup, and many other financial questions and problems.

These calculators also help in performing basic statistic by only entering the data and will ensure the accuracy of the data. They also help in determining interest rates, calculating payment, and solving both future and present value of loan.

Financial calculators are different from scientific calculators since they are specifically designed to solve financial, business, or commerce problems while scientific calculators do not have these specifications.

Financial calculators are also more superior to basic calculators since they can solve many financial problems while basic calculators only have four basic functions of addition, subtraction, multiplication, and division. Some are equipped with percentage, square root functions, and mean, but they are still unable to solve the financial problems.

However, in order to effectively use and get the advantage of financial calculators, you will need to learn to use them since unfamiliarity of their use will only lead you to inability to get the accuracy.

There are many selections of financial calculators out there which might make it difficult to choose the best one that suits the budget and functions that you want. Some even say that you need to be an expert to decide the best one out of many.

Well, we disagree with the statement. In this post, we are going to provide you with the comparison between two best financial calculators of 2020, which are Casio FC-200V and Texas Instruments BA II Plus so that you can decide which one to go with.

## Casio FC-200V

Casio FC-200V is the best budget financial calculator that you can get. If you are tight in budget but needs a financial calculator that functions greatly and has great durability, then you can go with this one. Read also: FX 115ES Plus vs FX 991EX.

Casio has been known as one of the most favorite calculator producers and their Casio FC-200V financial calculator model offers a compact product in affordable price that comes with a hard case to protect it from scratches or from falling, which surely longer its life.

It comes with multifunction keys to give you access to the mode that you want in only one touch. It could deal with simple to complex financial computations like simple and compound interest calculation, depreciation and bond calculation, break-even point calculation, and cost/sell/margin appraisal, amortization, and many more.

Casio FC-200VBA II Plus
Product Dimensions8.39 x 5.91 x 1.38 inches
6.6 x 9.8 x 1.6 inches
Shipping Weight12 ounces
6 ounces
Best offerCheck priceCheck price

Casio FC-200V also offers a thoughtful feature where you can assign a setting to one of its shortcut keys so you can access it anytime in the future without needed to repeat the sequence input. This will help you in having a much simpler and efficient calculations that save your time.

It has 10-digit mantissa and 2-digit exponential and 4 lines display that make it easier for you to go with the formulas or problems. The display is also quite large, providing you a comfortable calculation monitoring.

The key operations are stored in a buffer which will bring more peace to you mind since nothing will be lost even during a high speed input. It is powered by solar power with back up from battery, which also soothes your mind when using it.

The flip side is that this calculator does not work well with Reverse Polish Notation or RPN mode and has limited use for mortgage calculations. However, the built-in direct mode keys highlight its features since you can change the exclusive modes and makes calculations become a totally easy task.

## Texas Instruments BA II Plus

Texas Instruments BA II Plus is designed for both professional business person and students but it is a great financial calculator for students since it helps students in applying financial instruments just like in real business world.

For a guide of easy leaning, it is equipped with a quick guide manual that will ease you to understand how to use the calculator and how it works.

It can go well with both basic and complex math computations for over 250 functions. It can handle amortization, cash-flow analysis using IRR and NPV, time-value-of-money function, depreciation with 4 methodologies, interest rate conversions, and so much more that could ease you doing the calculations.

It has worksheet mode as the one that provides amortization, depreciation, compound interest, and bond calculations which are stored in its built-in 10 memory.

It can be a great financial calculator that students can bring to tackle their accounting, statistics, and economics classes. It is also proven to have durability and comes with a protective cover which will be a great deal considering its relatively high price.

It is equipped with easy to read 10 –digit prompted display that shows current variable label and values.  It also stores up to 24 uneven cash flows with up to 4-digit frequencies that will further allow you in editing inputs to analyze the impact of changes in variables. It has distinct color keys that will ease you in remembering the functions with the color code.

However, it does not have solar energy and is only equipped with battery that is needed to be replaced after a few months. To preserve its power, this BA II Plus financial calculator is packed with an automatic power down.

## Differences between Casio FC-200V and BA II Plus

The differences between Casio FC-200V and BA II Plus are on the use of the power source, display, weight, and their important functions.

Casio FC-200V is powered with solar system and a battery as the back-up while the BA II Plus is powered with one lithium-ion battery that will need to be replaced after few months of use.

Casio FC-200V has a 12-digit and 4 lines display while Texas Instruments BA II has a 10-digit display. The FC-200V weighs 12 ounces while the BA II Plus weighs only 3.84 ounces.

As the important functions, the FC-200V is equipped with direct mode key, shortcut keys, and key rollover while the BA II Plus is packed with 10 user memories and standard and worksheet modes.

## Casio FC-200V vs BA II Plus

- Cost/sell/margin, investment appraisal, amortization
- Converts between percentage interest rate and effective interest rate
- Simple and compound interest calculations, depreciation
- Slide-on hard case; solar power with battery back-up

- Solves time-value-of-money calculations such as annuities, mortgages, leases, savings, and more
- Performs cash-flow analysis for up to 32 uneven cash flows with up to 4-digit frequencies
- The Texas Instruments BAII Plus Professional features an Automatic Power Down (APD) function for extended battery life
- Prompted display guides you through financial calculations showing current variable and label. Ten-digit display

## Conclusion

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In order to decide which one to go with, you need to consider the need for usage, the capability, the functions you need the calculator to perform, and the ease of operation that the calculator could offer in order to suit your needs.

Casio FC-200V vs BA II Plus