Question about Texas Instruments BA-II Plus Calculator
I was wondering if there is a way to calculate the number of time periods, N, if the PV, FV and I/Y are entered? It doesn't seem to work for me.
For e.g. I/Y = 5/12 %, PV = 35,000, FV = 100,000, PMT = 0 (not applicable)
But when I press CPT and then press N it doesn't work (it gives an Error 5 message). I even tried P/Y = 12, I/Y = 5%, PV = 35,000, FV = 100,000 and PMT = 0 (not applicable) and it still gives me an error message.
If you could help, that would be greatly appreciated.
Just found out the answer!
Apparently you can't have both FV and PV positive. Try the calculation with one of them being negative.
Posted on Jan 19, 2009
SOURCE: Calculating TVM variables I/Y &
Error 5 indicates that no solution exists. In this particular case, you're asking for the interest rate on a savings account that pays you 10,000 now and an additional 20,000 10 years later. (Or a loan where you pay 10,000 now and an additional 20,000 10 years later.)
Either PV or FV should be negative. For example, if you deposit 10,000 in a savings account and withdraw 20,000 10 years later, use -10,000 for FV.
Posted on Aug 08, 2011
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Posted on Jan 02, 2017
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