ba II Plus question

[audia4]

I am now fully competent using the ba II plus calculator. HOwever, there is one problem that I keep on getting incorrect answers. These incorrect answers usually occur when I work with annuity due:

I want to calculate the payment of the following annuity:

Ya.._4|.07 = 35783.63. The answer is Y = 9873.

where Y is the payment, a.. means annuity due, 4 is the number of payments at an effective rate of 7% per annum.

here is what I did with the calculator

1. 2nd BGN--> to convert to annuity due
2. 4 N
3. 7 I\Y
4. -35783.63 PV
5. cpt Pmt

result: 15243.5798

Any reasons why I am not getting the correct answer?

Than kyou

[Ken]

maybe your pmt/year or compounding/year is off.