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12c Financial Calculator
[#permalink]
25 Jun 2008, 20:19
25 Jun 2008, 20:19
Does anyone have this model calculator, and if so, can you help me with an issue that I am having with it?
I am trying to calculate the FV of $55 after 4 months at an 8% annual rate. I know the answer is $56.43, and I get that number when I do the calculations with the calculator but NOT using the FV function. When I do it with the FV function, I get $56.47, just 4 cents off. I have no idea why.
I am trying to calculate the FV of $55 after 4 months at an 8% annual rate. I know the answer is $56.43, and I get that number when I do the calculations with the calculator but NOT using the FV function. When I do it with the FV function, I get $56.47, just 4 cents off. I have no idea why.
Re: 12c Financial Calculator
[#permalink]
25 Jun 2008, 20:25
25 Jun 2008, 20:25
I dont have the calculator in front of me but try
55 PV
0 PMT
8 GBUTTON and then hit I (i think its the g button, and then hitting I divides by 12)
4 N
FV = ?
55 PV
0 PMT
8 GBUTTON and then hit I (i think its the g button, and then hitting I divides by 12)
4 N
FV = ?
Re: 12c Financial Calculator
[#permalink]
25 Jun 2008, 21:04
25 Jun 2008, 21:04
rhyme wrote:
I dont have the calculator in front of me but try
55 PV
0 PMT
8 GBUTTON and then hit I (i think its the g button, and then hitting I divides by 12)
4 N
FV = ?
55 PV
0 PMT
8 GBUTTON and then hit I (i think its the g button, and then hitting I divides by 12)
4 N
FV = ?
Tried that way too, it gives yet another answer, 56.48. Thanks for giving it a shot. The mystery behind these varying answers is killing me! This is the only question of my TMV problem sets that is coming out incorrect using the TMV functions. At least I am learning my away around this calculator. It is pretty intense!
