Question: Ch.5 P9P P.232 How to enter in financial calculator? For 15 years, 5% YTM bond, with a face value of $1000, I entered as follows:
Ch.5 P9P P.232 How to enter in financial calculator? For 15 years, 5% YTM bond, with a face value of $1000, I entered as follows:
N (number of periods) =15
I/Y (interest per year) aka YTM=5%= 0.05
PV (present value)= -1000
PMT (payment) aka INT = 100
FV (future value)- solve for this
I entered all values above, pressed [cpt] and then [fv], and got: = -497.735, which is not $1518.98 What values am I not entering correctly? Thanks in advance.
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