Solution 34474: Calculating Monthly Payments on the TI-83 Plus and TI-84 Plus Family of Graphing Calculators.
How to calculate monthly payments on the TI-83 Plus and TI-84 Plus family of graphing calculators?
The example below will demonstrate how to calculate a monthly payment.
Example: What would the monthly payment of a mortgage for $75,000 at 8.5 % interest be if it has to be paid off in 30 years (360 payments)?
• Press [APPS] [1] to select the Finance App then [1] launch the 1: TVM Solver
• In the TVM solve enter the values by pressing [3] [6] [0] [ENTER]
• Press [8] [ . ] [5] [ENTER]
• Press [7] [5] [0] [0] [0] [ENTER]
• Press [0] [ENTER] [0] [ENTER]
• Press [1] [2] [ENTER]
• Press [↑] [↑] [↑] to place the cursor in front of PMT and press [Alpha] then [Enter] to display the result of -576.6851127
Please see the TI-83 Plus and TI-84 Plus Family guidebooks for additional information.
Last updated: 10/16/2024
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