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Using a financial calculator of Excel: N 3 Given: Solve for: I/Y 39.28 PV -8.21 PMT 5.12 FV 0

Using a financial calculator of Excel: N 3 Given: Solve for: I/Y 39.28 PV -8.21 PMT 5.12 FV 0

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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can you describe detailed steps (all the keys to press) to calculate this in a ba -ii plus Texas instrument financial calculator? the answer will be 39.28 only I want to know which keys to press to get that answer as I have never used a financial calculator. 

Using a financial calculator of Excel: N 3 Given: Solve for: The IRR is 39.28%. I/Y PV -8.21 PMT 5.12 39.28 Excel Formula: =RATE(NPER, PMT, PV, [FV], [TYPE], [GUESS])=RATE(3, 5.12, -8.21,0) = 39.28% FV 0
Transcribed Image Text:Using a financial calculator of Excel: N 3 Given: Solve for: The IRR is 39.28%. I/Y PV -8.21 PMT 5.12 39.28 Excel Formula: =RATE(NPER, PMT, PV, [FV], [TYPE], [GUESS])=RATE(3, 5.12, -8.21,0) = 39.28% FV 0
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