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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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.
"ComPuTe". On TI financial calculators you have to press the CPT button before pressing the button for the value you're solving for. (N, I, PV, PMT, or FV). On an HP calculator, you just press the N-I-PV-PMT-FV button without making any entry in order to solve for the desired value.
Unlike TI calculators, the HP 12c doesn't have or need a CPT button. It knows whether you've made a numeric entry or not. To calculate N, I, PV, FV, or PMT, simply press the appropriate key without entering a number.
I get 6.085%. Make sure the fv and pmt are of opposite signs. You're either making annual payments and getting a lump sum back at the end, or receiving annual payments and then paying it all back in a lump at the end. Either way, the money is moving in opposite directions.
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.