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re: Using TVM on Financial Calculator

Posted on 8/4/15 at 1:05 pm to
Posted by southernelite
Dallas
Member since Sep 2009
53180 posts
Posted on 8/4/15 at 1:05 pm to
The effective will be different. 2% APR compounded monthly.
Posted by southernelite
Dallas
Member since Sep 2009
53180 posts
Posted on 8/4/15 at 1:08 pm to
If you just 2% compounded annually just put

I/Y - 2
N - 3

That should get you where you're going.

I may have misunderstood what you were going for the first time.
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