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Calculate the annual interest rate for the settlement option from Ch. 12 Table PV=1000 Monthly PMT=84.65 N=12 Calculate: Interest rate = 2.9% Note that sometimes

Calculate the annual interest rate for the settlement option from Ch. 12 Table PV=1000 Monthly PMT=84.65 N=12 Calculate: Interest rate = 2.9% Note that sometimes with different calculator you need to Enter FV=0 or make one number be negative.

Answer is 2.9% interest rate. Please show how you got it via financial calculator BA II Plus Texas Instrument

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