Calculator Problem

swapnil12
Posts: 1
Joined: Fri Aug 05, 2016 5:53 am
Location: LUCKNOW

Calculator Problem

Postby swapnil12 » Wed Apr 26, 2017 5:03 pm

Just want to ask a problem which I am facing while using BA2 Plus calculator while calculating time value money question.

Following are the values which I inputted in calc

N=3
PMT=12000
FV=0
I/Y=8
PV=?

ON CALCULATING WITH EXCEL I GOT PV=30925.16 and on calc answer is 35942.4767

Pl clarify, that where I am putting values wrong in calc?

edupristine
Finance Junkie
Posts: 759
Joined: Wed Apr 09, 2014 6:28 am

Re: Calculator Problem

Postby edupristine » Fri May 26, 2017 11:03 am

Hi Swapnil,

I have tried solving this through excel and calculator and the answer is -3092.52 only. Please put the following again in calculator:- PMT= 1200, FV= 0, N= 3, I/Y= 8%, then CPT= PV, Hence, you will get -3092.52.

Thanks!!


Return to “CFA Level I”



Disclaimer

Global Association of Risk Professionals, Inc. (GARP®) does not endorse, promote, review or warrant the accuracy of the products or services offered by EduPristine for FRM® related information, nor does it endorse any pass rates claimed by the provider. Further, GARP® is not responsible for any fees or costs paid by the user to EduPristine nor is GARP® responsible for any fees or costs of any person or entity providing any services to EduPristine Study Program. FRM®, GARP® and Global Association of Risk Professionals®, are trademarks owned by the Global Association of Risk Professionals, Inc

CFA Institute does not endorse, promote, or warrant the accuracy or quality of the products or services offered by EduPristine. CFA Institute, CFA®, Claritas® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

Utmost care has been taken to ensure that there is no copyright violation or infringement in any of our content. Still, in case you feel that there is any copyright violation of any kind please send a mail to abuse@edupristine.com and we will rectify it.