CFA CFA Level 1 Content Question – Time value of money

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Content Question – Time value of money

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    • Avatar of Stone94Stone94
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        • CFA Level 1
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        Hi,

         

        somehow I am too stupid to use my calculator. If I press the same taps (like in the picture) on my calculator, it displays 5,5 instead of 9,9. Any ideas why?

         

         

         

        Content Question – Time value of money

         

         

        Zee Tan voted up
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        You may have forgotten to enter the minus sign for PMT.

        Going through the keystrokes, I got 9.9 as the answer for N, same as the slide shows, but if you enter 150 for PMT instead of -150, I get N = -5.55.

        Was that your issue?

        Zee Tan voted up
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