The doubt is regarding using the calculator. In the building block session for TVM as per the first example taken by sir which is 10,000 PV 22, ooo and N=7 the answer as per sirs’ calculation is 11.92% but as per my working, I am getting 8.32%. Have tried the same several times but with no success.
All my answers are differing from Sirs answers in the first lecture of QM (building blocks Time Value of Money.
Please help
PRESS 2ND CLR TVM (TO REMOVE OLD CALCULATION), NOW = +/-10000 PV, 22000 FV, 7 N, PRESS= CPT I/Y -YOU WILL GET I/Y AS 11.92253182.