![]() ![]() P/Year = How often in a year the Interest Rate calculated (and added/subtracted to the loan). Your second post seems to me, that you probably don't understand the game of the three variables: This should give you the correct result.Ĭyrille gave you the right advise. What you need to do is change the number of payements per year to 1 (and you might also need to change the number of compounding per year to 1, but I am not sure, and I do not have a 10BII+ in front of me to test). Simlply changing N in 24 will not help because you would be doing calculations based on a nominal interest rate (10%), which correspond to an effective interest rate of 10.47%! So you need to be carefull of this issue. Ie: I/YR and N work on different units of time. The problem is that the calculator (like all other financial calculators) is setup to do calculations based on a Nominal and Anual interest rate (based on 12 compounding per year), and 12 payements per year (which N is). The exercise that you are trying to solve (I think, based on the expected result) is for the Future value of an investmenet of 100, at 10% annual, effective interest rate, for a period of 2 years (which is 121). Your calculator is correct, the Future value of an investmenet of 100, at 10% annual, nominal interest rate, for a period of 2 month is 101.67. Business PCs, Workstations and Point of Sale Systems.Printer Wireless, Networking & Internet.DesignJet, Large Format Printers & Digital Press. ![]() Printing Errors or Lights & Stuck Print Jobs.Notebook Hardware and Upgrade Questions.
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