Example 3: - Amortization - Texas Instruments TI-89 Software Manual

Example 3: — Amortization
You want to buy a home with a 30-year mortgage at 8% APR. Monthly payments are $800.
Calculate the outstanding loan balance after each payment and display the results in a graph.
1. Press 3. Press D D B
highlight
FIX 2
Press ¸ ¸ to return to
previous screen.
2. Press O
3. Highlight
Finance
and press ¸ to open the
application. The
displayed.
4. Press 3. Press B D to
highlight
PARAMETRIC
mode.
5. Press ¸ ¸ to return to
the
TVM Solver
6. Enter known values:
=M800;
PMT
= .
PMT END
7. Place cursor on the
8. Press „ to solve for
Finance Application for the TI-89 / TI-92 Plus
to
3
.
¸.
1: FlashApps
with the cursors
is
TVM Solver
graphing
.
=360; =8;
N I%
=0; =12; =12;
FV PpY CpY
prompt.
PV
.
PV
13