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Hi! I am taking FIN 701 and trying to determine how to use the calculator for this example: Initial investment x (1 + (Interest rate

Hi! I am taking FIN 701 and trying to determine how to use the calculator for this example:

Initial investment x (1 + (Interest rate x no. of periods))

Example:$100 x (1 + (.10 x 5 yr)) = 150

I typed:

-100 = PV

10 = I/YR

5 = N

Then hit FV but I am getting 161.05.

What might I be doing wrong?

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