Question about Texas Instruments BA-II Plus Calculator

# Getting wrong PV

Hi I was wondering if you could help me out.
I've been trying to calculate PV when pmt=60,000 N=10 I/Y=5 FV=1,000,000
I get PV=1,077,217 but it is supposed to be 1,077,202
not off by a large amount. Can't figure out why.
can anyone help me?

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• Destiny83 Jun 24, 2008

They aren't lending the person \$1,077,202. This is the present value of the \$60,000 lease payments being paid for 10 years at an interest rate of 5% the lease is for \$1,000,000. But for some reason the PV calculation is off by \$15.

• Anonymous Oct 07, 2008

calculation of FV, PV of bonds

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PV=1,077,202 while FV=1,000,000 ? I wonder somebody will lent me \$1,077,202 and accept to get back \$1,000,000 in 10 years later.
Your example's got prob, guy !

Posted on Jun 24, 2008

Either pv or fv must be negative. either, not both

Posted on Jul 14, 2008

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Posted on Jan 02, 2017

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