TVM function on calculator not working properly calculator, following, function, properly

FVPV

Hi guys, I'm new to the forum.
My calculator (TI BA Plus2) is playing up with its TVM function and I'm wondering if it is a settings issue or if I have just forgotten some basic thing of how to use it from level 1 and 2. I changed the battery, cleared tvm and cleared memory.

I'm attempting a contingent immunization question and entered the following:
PV = 93,000,000
N=6
I/Y=4.25%
PMT=0
when I then CPT FV, I get -94,993,830.9

This is obviously wrong, the answer should be 93m*(1.0425)^6=119,382,132
Can anyone spot what is going wrong?
Thanks

WarrenB1

Thanks recycler and breadmaker! Its working now

skycfa

Your P/Y is set to 12 not 1.

Hit 2nd then I/Y then 1 then Enter.

Analyze_This

Check your settings on P/Y and C/Y: they should both be 1. You will then get the correct answer.

luda002

I forget how to use all that stuff, try looking up a manual online.

Edit: Or an even better solution, try posting on the CFA Level I or CFA Level II forum on the top of the page here. Those guys'll know it inside and out.

-------------------------------------------------------------------------------------

"Without American production the United Nations could never have won the war."
-Joseph Stalin, Tehran Conference: 1943



Edited 1 time(s). Last edit at Monday, May 23, 2011 at 09:00AM by Black Swan.

stalkey

likely user error...

like those IT guys say, the problem likely lies between the keyboard and the chair...

HuskyGrad2010

Thanks, but as mentioned in my post I cleared both before doing the calc.
Also, I checked whether the calc is in 'end mode' and it is

LorrinCFA

Clear your TVM and WRK memories... CLR TVM and CLR WORK