Question: When you are using the TVM functions, you are essentially asking the calculator to N solve the following equation: PV + PMT FV + =

When you are using the TVM functions, you are essentially asking the calculator to N solve the following equation: PV + PMT FV + = 0 You need to (1+r)' (1 + r)N 1=1 enter the values of four variables, and then ask the calculator to find the value of the fifth variable. Question: Suppose PV=-13,169, N=8, FV=5,258, r=5.8%. Please find PMT. [Hints/Example) Donna

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