How do I do the steps on my ba II plus calculator for the question? If I borrow 1400 and agree to repay the loan in five annual payments at an interest rate of 10%, what will your payment be? The second part is to have First payment at the beginning instead of at the end.( I changed the END feature to BGN--2nd pmt(BGN)--2nd enter(SET). It didn't work either. I used pv=1400 n=5 i/y=12% cpt pmt= wrong ----- I used fv=1400 n=5 i/y=12% cpt pmt wrong
How do I do the steps on my ba II plus calculator for the question? If I borrow 1400 and agree to repay the loan in five annual payments at an interest rate of 10%, what will your payment be? The second part is to have First payment at the beginning instead of at the end.( I changed the END feature to BGN--2nd pmt(BGN)--2nd enter(SET). It didn't work either. I used pv=1400 n=5 i/y=12% cpt pmt= wrong ----- I used fv=1400 n=5 i/y=12% cpt pmt wrong
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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How do I do the steps on my ba II plus calculator for the question? If I borrow 1400 and agree to repay the loan in five annual payments at an interest rate of 10%, what will your payment be? The second part is to have First payment at the beginning instead of at the end.( I changed the END feature to BGN--2nd pmt(BGN)--2nd enter(SET). It didn't work either.
I used pv=1400
n=5
i/y=12%
cpt pmt= wrong
-----
I used fv=1400
n=5
i/y=12%
cpt pmt wrong
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