If anyone is having an issue computing this, it is because the P/Y needs to be set to 1. So basically, when you put 2nd P/Y, the default is 2. put 2nd P/Y, enter 1. THEN scroll down and enter your C/Y to which ever duration you need. Many got the answer as FV= 1,283.36 because the C/Y was set to 2 and not 1.
I could not figure out monthly compounding with the TVM keys and was giong insane. Thank you, thank you, thank you for making such a simple and easy to understand instructional video!! God bless you!!
Hi.... like to ask you to confirm the compound interest rate if PV is -9604 FV is 17633 N is 5 P/Y n CY is 1 PMT is 0 Is there any mode in calculator to compound interest?
If anyone is having an issue computing this, it is because the P/Y needs to be set to 1. So basically, when you put 2nd P/Y, the default is 2. put 2nd P/Y, enter 1. THEN scroll down and enter your C/Y to which ever duration you need. Many got the answer as FV= 1,283.36 because the C/Y was set to 2 and not 1.
I could not figure out monthly compounding with the TVM keys and was giong insane. Thank you, thank you, thank you for making such a simple and easy to understand instructional video!! God bless you!!
I did exactly the same as you on my calculator and the result is 1.132.85.
Why?
And In the first example the result is 1042.46
Hi.... like to ask you to confirm the compound interest rate if
PV is -9604
FV is 17633
N is 5
P/Y n CY is 1
PMT is 0
Is there any mode in calculator to compound interest?
how do i compound it quaterly
thank you man