Question: When you are using the TVM functions, you are essentially asking the calculator to N 0 PMT FV solve the following equation: PV + +

When you are using the TVM functions, you are essentially asking the calculator to N 0 PMT FV solve the following equation: PV + + You need to (1+r)i(1+r) enter the values of four variables, and then ask the calculator to find the value of the fifth variable. i=1 Question: Suppose PV=-19,084, N=6, PMT=0, FV=22,377. Please find r. Please enter your answer as a percentage point, which is what your calculator displays as the final answer. [Hints/Example)

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