HP 10bII + Wrong Calculation

[sand713]

When calculating FV I keep getting wrong answers

100,000 PV

3 SHIFT N     <set to 12 p/yr

4 I

0 PMT

FV should be 112,486 but i get 112,727.19 which is not close enough to be correct

I have reset the calculator twice

how can i fix this?

[Joe_Horn · Accepted solution]

The answer which you say is the "correct" answer is only obtained when N=3 (not 36) and P/YR=1 (not 12).  With the settings you indicated (N=36 and P/YR=12), the 10bII+ does in fact yield the correct result for FV.

Just in case there is some confusion, pressing 12 down-shift PMT sets the number of payments per year to 12, and 3 down-shift N sets the number of periods to 36.

[sand713]

Got it! THANK YOU!!!