Question 1194625
you would need 270,466.37 rounded to the nearest penny.
the amount rounded to the display size of the ti-ba-ii calculator that i used is 270,466.3716.
the actual amount, rounded to more decimal places, is 270,466.371618706, which i got from an excel spreadsheet.
your solution is 270,466.37.
i also used an online calculator to get this value.
the result from using that calculator, at <a href = "https://arachnoid.com/finance/" target = "_blank">https://arachnoid.com/finance/</a> is shown below:
<img src = "http://theo.x10hosting.com/2022/062402.jpg" >
inputs are everything except pv (present value).
output is pv.
number of years is multiplied by 12 to get 20 * 12 = 240 months.
interest rate per year is divided by 12 to get .25% per month.
payments are assumed to be at the end of each month.