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Message
re: Using TVM on Financial Calculator
Posted on 8/4/15 at 1:31 pm to southernelite
Posted on 8/4/15 at 1:31 pm to southernelite
quote:
If you just 2% compounded annually just put
I/Y - 2
N - 3
That should get you where you're going.
Also make sure P/Y is 1 in that situation correct?
2
Posted on 8/4/15 at 1:43 pm to yellowhammer2098
Correct me if I'm wrong, but the i/y would need to be 6, not 2, if I wanted an annual RoR to be ~2%.
Posted on 8/4/15 at 3:10 pm to yellowhammer2098
Yeah, I usually divide the interest by the number of periods compounded and multiply the N by the same number instead of change the I/Y so I never change the settings of my calcutor
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