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Student
Posts: 1
Member Since: ‎03-13-2017
Message 1 of 2 (458 Views)

Keep on getting error 5 message

Product Name: HP 12C financial calculator

Trying to do a simple calculation but keep on getting an Error 5 message. Happens for some of my number inputs, but not all. Example:

 

PV: +44100 (dollars held in an investment account)

PMT: CHS 205 (monthly withdrawal)

FV: 0 

I: 6.0 (% interest rate)

N: number of months before account is depleted.

 

Why do I keep getting Error 5 message?

 

If I change the PV to 20,000, I get a solution for N at 135.

 

Why does it calculate for some PV's and not all?

 

 

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PhD Student
Posts: 816
Member Since: ‎08-10-2010
Message 2 of 2 (437 Views)

Re: Keep on getting error 5 message

Hi,

 

"Error 5" usually means there is no solution for the parameters given.

 

With a start balance of 44 100 and interest of 6% per annum, you are earning more than 220 in the first month.

 

So withdrawing 205 per month you will never empty the account.

 

 

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Note: I do not work for HP, I just like playing with calculators :-)
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