Changing The Conditions Of The Loan - Texas Instruments BA Real Estate User Manual

Changing the Conditions of the Loan

1. Change the interest rate to
9%.
Press 9 .
2. Compute the new payment
at the higher interest rate.
Press
3. Change the interest rate to
9.5%.
Press 9.5 .
4. Change the term to 15
years.
Press 15
5. Compute the new payment
amount (15-year loan).
Press
10 Getting Started
You can change any of the TVM values and then compute
a new value. Using the values you entered on page 6,
find the monthly payment at 9% interest. Then find the
monthly payment at 9.5% for a 15-year loan.
.
.
.
I% =
PMT= -1,046.01
I% =
TRM=
-1,357.49
PMT=
9.00
9.50
15.00