To help you use a finance calculator, I need to know the specific question or problem you're trying to solve. However, I can give you a brief overview of what the terms mean:
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PMT (Payment): This is the amount of money that you will pay or receive in each period. If you're making regular payments (like monthly), this will be a fixed amount.
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FV (Future Value): This is the value of an investment after a certain number of periods, given a specific interest rate.
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PV (Present Value): This is the current value of an amount of money that you expect to receive in the future, discounted at a certain interest rate.
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i/y (Interest Rate per Year): This is the rate at which your investment is growing, expressed as a percentage per annum. If you are calculating monthly interest, you might need to divide the annual rate by 12.
When you have a specific question or situation, you can determine which of these variables you need to enter based on what information you have and what you’re trying to find. Here are some key scenarios:
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If you're trying to find the future value (FV): You’ll typically need the present value (PV), the interest rate (i/y), the number of periods (N), and possibly the PMT if there are regular payments.
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If you're trying to find the present value (PV): You’ll need the future value (FV), the interest rate (i/y), and the number of periods (N). The PMT may or may not be needed depending on the scenario.
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If you're trying to find PMT: You may have the future value (FV) or present value (PV), the interest rate (i/y), and the number of periods (N).
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If you're trying to find the interest rate (i/y): You typically will have the present value (PV), future value (FV), the number of periods (N), and possibly PMT.
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If you're trying to calculate the number of periods (N): Typically you will have the present value (PV), future value (FV), interest rate (i/y), and possibly PMT.
Please provide more details about your specific finance problem so I can assist you better!
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