Showing results for 
Search instead for 
Did you mean: 
New member
1 0 0 0
Message 1 of 2
Flag Post

It is driving me crazy

HP Recommended
HP 10b II+

I have a problem getting the write numbers. N= 240. I/YR 0.5. PMT= 1400. What is the annuity PV?  The hand calculation would present 195,413. HP= 319,682.95. Can you help?

0 Kudos
Level 6
140 139 29 60
Message 2 of 2
Flag Post
HP Recommended

Don't forget to consider BEG/END mode, periods-per-year, and the sign convention for standard TVM calculations.  I suspect your 0.5% interest per year isn't really per year, but perhaps per period.  Not knowing how the problem was written, though, it's impossible to tell what you should actually be entering.  Make sure you set all of the TVM variables appropriately (not just the ones you listed).

0 Kudos
† The opinions expressed above are the personal opinions of the authors, not of HP. By using this site, you accept the Terms of Use and Rules of Participation