koalialoalo
New member
Ok for a problem in the book it tells me to input these numbers for TVM
N = 8
PV = -327
PMT = 0
FV = 1,000
Solve for I/Y, which should be 15
but my calculator says the interest rate is 179.95
any idea why this is? it's also set to "end" so it's not a beg/end issue
my calculator is a BAII Plus
N = 8
PV = -327
PMT = 0
FV = 1,000
Solve for I/Y, which should be 15
but my calculator says the interest rate is 179.95
any idea why this is? it's also set to "end" so it's not a beg/end issue
my calculator is a BAII Plus