Calculating PV where n=5; i=6%; $18,400=pmt; 0=FV.

The 107,186.37 is what the future value would be if the interest per month is 0.58%, which is 6.96% per year. Try the following:
2nd [CLR TVM] 1 2 N 7 I/YR 1 0 0 0 0 0 PV CPT FV
As for rounding, you can change the calculator display to any number of digits (up to a limit, of course) by pressing 2nd [FORMAT] and then a number specifying the number of desired digits after the decimal point or 9 for floating decimal.

Error 5 indicates that no solution exists. In this particular case, you're asking for the interest rate on a savings account that pays you 10,000 now and an additional 20,000 10 years later. (Or a loan where you pay 10,000 now and an additional 20,000 10 years later.)

Either PV or FV should be negative. For example, if you deposit 10,000 in a savings account and withdraw 20,000 10 years later, use -10,000 for FV.

Please refer to the link to formula involving loan calculation: http://www.docstoc.com/docs/64563308/Calculating-Loan-Payments-Using-Reducing-Balance-Formula

I get 6.085%. Make sure the fv and pmt are of opposite signs. You're either making annual payments and getting a lump sum back at the end, or receiving annual payments and then paying it all back in a lump at the end. Either way, the money is moving in opposite directions.

Click APPS and then ENTER for Finance and then ENTER again for the TVM Solver. There you can input the PV, PMT, i, etc.

Hey,
Just found out the answer!
Apparently you can't have both FV and PV positive. Try the calculation with one of them being negative.

You need to have your PV and your PMT be a different sign. Try making your payments negative.

Here is the link to a guide;

http://www.buec.udel.edu/bowersh/finc311_F04/Documents_f04/Quick%20Guide.pdf
Set PV=-$100,000
[2nd] P/Y= 12.00
N= 12 x 30 = 360, (i assume it's 30 Y amortization)
I/Y = 5.75%
FV = 0
[CPT] PMT

Hope this helps

The function you are looking for is =FV(rate,nper,pmt,pv,type) It calculates future value of payments. Let me know if you have further questions. |D>