I am aware how to find the nominal interest rate in a bond calculation, given and entering in values for N, PV, PMT and FV,
Here is the question that i am working on: bought a 10-year, 10%, $5,000 semi-annual bond at a price of $4,600. She plans to hold the bond to maturity. The yield to maturity on Greta's bond is greater than 10%.
N = 20
PV = -4600
pmt = 250
fv = 500
CPT I/R = 5.76
then i multiply this value by 2 to get the nominal interest rate of 11.36, on this calculator how do i then find out what the effective interest rate is?
SOURCE: finding N value on Ba11 PLUS
You need to have your PV and your PMT be a different sign. Try making your payments negative.
SOURCE: Computing N in a TVM calculation (receive Error 5 message)
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.
SOURCE: haveing trouble getting the IRR using the BA II
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.
SOURCE: my ba II plus doesn't seem to be computing future
You're entering the interest as a monthly rate. You need to use an annual rate. Instead of .6434 per month, use .6434*12 = 7.7208 for the I/Y value.
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how we can use interest calculation in tally
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