different result with excel and calculator

M

mtf

I'm calculating a loan payment and get different result from Excel &
calculator. Using PMT function for 350,000 at 6% - 30 years = $2,098.43

HP 17bII calc says $1,292.07 -- Who's right?
 
M

macropod

Hi mtf,

Since you've got Excel, it's pretty easy to prove which is correct (hint: the HP result isn't). I suspect you've entered a parameter
incorrectly into the HP calculator.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

Excel TVM functions of RATE, NPER, PMT, PV, and FV fail to produceresults that are known about Geome 0
Interest and Payment Calculations 6
credit intrest on intrest 1
PMT function 2
PMT function in Excel 7
financial function 1
PMT: Daily interest compounding; monthly payment 9
Possible problem with PMT and FV functions 2

Top