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otis123
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find the interest rate paid if a deposit of 21,900.00 grows to 27,822.92 in 3 1/2 years with interest compounded semiannually round rate to nearest % and time to the nearest period
 2 years ago
 2 years ago
otis123 Group Title
find the interest rate paid if a deposit of 21,900.00 grows to 27,822.92 in 3 1/2 years with interest compounded semiannually round rate to nearest % and time to the nearest period
 2 years ago
 2 years ago

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NotTim Group TitleBest ResponseYou've already chosen the best response.0
do you know the formula? Cause I think this is just plug and play
 2 years ago

otis123 Group TitleBest ResponseYou've already chosen the best response.0
thats how it is in the book i have the calculater but dnt know how to put the numbers in right i think N=7 but thats all i got
 2 years ago

slaaibak Group TitleBest ResponseYou've already chosen the best response.2
A = P(1 + i(2) / 2)^7
 2 years ago

slaaibak Group TitleBest ResponseYou've already chosen the best response.2
PV = 21 900.00 FV = 27 822.92 N = 7
 2 years ago

NotTim Group TitleBest ResponseYou've already chosen the best response.0
yup. just basic algebra here!
 2 years ago

otis123 Group TitleBest ResponseYou've already chosen the best response.0
but what is pmt
 2 years ago

slaaibak Group TitleBest ResponseYou've already chosen the best response.2
pmt = payment = 0
 2 years ago

slaaibak Group TitleBest ResponseYou've already chosen the best response.2
payments refer to annuities. This is a regular PVFV question, so there are no payments. Which calculator do you have? HP12c or HP 10B2?
 2 years ago

slaaibak Group TitleBest ResponseYou've already chosen the best response.2
Ah, unfortunately I've never worked on a ti calculator, so won't be able to help with calculator related problems.
 2 years ago
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