Question

Enrique invests 60,000 pesos at 3.7% p.a. compounded annually. Find the value of his investments after 6 years.

We're suppose to use the calculator TVM solver.
I got 62220

Answer 1

60,000 * 1.037^6 = 60,000 * 1.243576591 = 74,614.60

Answer 2

62220 Is just ONE year.

Answer 3

Ohh ok thank you

Answer 4

Do you know how to do this question using the calculator tho?
I don't know what values to put for P/V and C/Y and N=