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How to find the discount rate with the BA II PLUS financial calculator?

Hi, I just bought the BA II PLUS financial calculator for my financial management class and I dont really understand the user manual. So for example, a collectionnor buy a painting for 2 million dollars and he think that in 5 years, he can sell it 4 million, How do I find the discount rate with the calculator? I know How to find it when I write it down but I'm searching a quicker way with the calculator... Thank you for your help! I tried as you said but it gave me a error message (Error 5) ???

Public Comments

  1. A better way to state you Question is: What is the rate of appreciation (i/Yr) for a painting that is purchased today for $2M (PV) and sold 5yrs from now (n=60) for $5M (FV)... there being no additional outlays during the coming 5yrs (PMT = zero). Input the above and Press the (i/Yr) button to get the answer of 18.466% per yr.
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