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11-22-2017 12:50 PM
I am trying to determine what accrual method is set on my calculator. I'm trying to confirm an APR on a loan payment, and it is not calculating correctly.
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11-25-2017 08:07 AM - edited 11-25-2017 08:08 AM
Those results would indicate that your calculator is set to BEGIN mode as opposed to END, which is customary for mortgage computations. See this article for an explanation of how to identify and change that setting on your 10bII.
11-25-2017 08:09 AM - edited 11-25-2017 08:09 AM
And payments per year? And interest? An compunding periods per year?
Most likely your interest value does not match the interest compounding. That is near 100% of "wrong calculations" when it comes to finance questions. 🙂
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