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Archived This topic has been archived. Information and links in this thread may no longer be available or relevant. If you have a question create a new topic by clicking here and select the appropriate board.

‎03-13-2017 08:26 AM

HP Recommended
Product: 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?

 

 

1 REPLY 1

‎03-13-2017 09:15 AM

HP Recommended

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.

 

 

-Bart
_________________________________________________________
calculator enthusiast
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