On page 335 of the manual there is an example for figuring a mortgage payment.
25 years at 6.2% for 300,000
12 monthly installments
semiannual compounding C/Y = 2
I enter all the same numbers as their example but my calculator give me a payment of
-1945.30495
but the manual gets an answer of
-1955.228277
I looked this up because I used an online mortgage calculator and I was checking it against my calculator.
The error between the website may calculator was off by about a little less then 10 bucks.
what setting could cause this to be off?
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Fx-9750g And The Manual
Started by
badgers
, Feb 27 2008 10:48 PM
1 reply to this topic
#1
Posted 27 February 2008 - 10:48 PM
#2
Posted 28 February 2008 - 02:03 PM
what setting could cause this to be off?
My research seems to hint that it has to do with beggining of the month or end of the month payments.
I am not sure if this is the problem and even if this was the problem, I would not know how to fix it
any ideas?
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