# My calculator does not give the right answer as in the textbook.1-n 12 % 210000 fv but the pv is incorrect ? should be 187500 but i get 207920 ?

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207920 is the correct result for one month at 12%, compounded monthly. 187500 is the result for one year at 12%, compounded annually. Set P/Y to 1 and try again.

Posted on Feb 26, 2011

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Posted on Jan 02, 2017

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## Related Questions:

### INCORRECT RESULTS

how about trying solve the issue, by starting backwards, since you know the price, the constant, payment,
or it is not possible to do the figures
either the N or i is wrong PMT could also be incorrect.
i was trying give you some ideas
try changing N or i by 1 digit see what happens.

Oct 07, 2015 | Texas Instruments BA II PLUS PRO BAIIPlus...

### How do i calculate interest on a R20000.00 loan at 13% for 5 years on teh sharp el738f calculator

Hi there,

First make sure all previous amounts stored are cleared by pressing 2nd F MODE.
Then type in the original value 20 000 and press PV.
Type in the interest 13 and press I/Y.
(If i assume that the interest is compounded yearly my calculation is more simple)
press 5 and N

(If I assume that the interest is compounded monthly, i need to input a little bit more data into my calculator)
Press 2nd F I/Y (to get to payments per year) and press 12 and ENT. Press ON.
Then press 5 and 2nd F N and then press N again.
Now calculate FV by pressing COMP FV which should give you - 38 177.13.

Take this value and subtract the PV from it to get the amount of interest earned.

May 16, 2014 | Sharp EL-738 Scientific Calculator

Were you also clearing the financial memory with 2nd [CLR TVM], or just the storage memory? If you don't, it's going to keep using whatever value you last used for PMT.

Mar 01, 2014 | Texas Instruments BA-II Plus Calculator

### BA II plus gives approximate answer for FV calculations

The 107,186.37 is what the future value would be if the interest per month is 0.58%, which is 6.96% per year. Try the following:
2nd [CLR TVM] 1 2 N 7 I/YR 1 0 0 0 0 0 PV CPT FV
As for rounding, you can change the calculator display to any number of digits (up to a limit, of course) by pressing 2nd [FORMAT] and then a number specifying the number of desired digits after the decimal point or 9 for floating decimal.

Mar 14, 2012 | Texas Instruments BA-II Plus Calculator

### Calculating PV where n=5; i=6%; \$18,400=pmt; 0=FV.

Check to make sure you have the proper value set for payments-per-year.

Mar 27, 2009 | Texas Instruments BA-II Plus Calculator

### Computing N in a TVM calculation (receive Error 5 message)

Hey,
Apparently you can't have both FV and PV positive. Try the calculation with one of them being negative.

Jan 12, 2009 | Texas Instruments BA-II Plus Calculator

### Incorrect claculation

I get an answer of 366.91 in my 12C as well. You might try either putting in a zero for FV before hitting the [PMT] key, or clearing your registers before doing the problem, as you may be picking up an old value from a previous problem in the FV register.

Jan 17, 2008 | HP 12c Calculator

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