This may seem basic and it should be but...
Schweser has a FV example, in part, calculate the future value of -1,000 over 5 years. Solution is given as
PV = -1,000; I/Y = 10; N = 5; CPT FV = -1,610.51
All well and fine except my BA II reports the solution as 1,610.51, no negative. I checked with an online calculator and it backs up Schweser. What gives?
Schweser has a FV example, in part, calculate the future value of -1,000 over 5 years. Solution is given as
PV = -1,000; I/Y = 10; N = 5; CPT FV = -1,610.51
All well and fine except my BA II reports the solution as 1,610.51, no negative. I checked with an online calculator and it backs up Schweser. What gives?