Re: 14b is not calculating PMT correctly Message #10 Posted by Allen on 20 Dec 2011, 8:42 p.m., in response to message #1 by Eric Peltier
Almost all the problems I've had like this ended up being the P/YR setting was off.
This happens on the HP10b as well.
Press RCL SHIFT PMT and you should get P/YR=12.00
You can change to 26 Payments per yr by typing 26 STO SHIFT PMT
If you hold ON+N+SIGMA at the same time, The P/YR will get reset to 12.
If this does not work, type here your 5 FIN variables so we can recreate the issue.
E.g. ( I=4%, PMT=360, PV=1000, FV=0 ----> PMT= -4.77 )
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