How do they get the equivalent annuity of 6.89 with the below cacluations PV =30MM FV = 0 I =10% I get a PMT of 5.14.
N = 6. i tried it just now, got 6.89.
Yeah N =6. Why am I getting 5.14. Is something wrong with my calculator?
check its using 1 period and not 12 periods. its the xP/Y one above the N key. cant remember how to set it, but i think that must be set wrongly for you.
Pv negative sign…just kidding? Try to clear the memory and try Welcome back!
see NOW i am fired up to keep studying. welcome back amigo. hope the sweatshop isn’t too lonely these days.
OK I got it set back to 1 period. Fack how the hell do this happen?
make sure that you input PV with a negative sign