Question: When you are using the TVM functions, you are essentially asking the calculator to N = 1 PMT FV solve the following equation: PV +

When you are using the TVM functions, you are essentially asking the calculator to N = 1 PMT FV solve the following equation: PV + + 0 You need to (1+r)" (1 + r)N enter the values of four variables, and then ask the calculator to find the value of the fifth variable. Question: Suppose PV--17,381, PMT-0,r6.5%, FV=23,650. Please find N. (Hints/Example)

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