Amotrization Example: Calculating An Outstanding Loan Balance - Texas Instruments TI-84 Plus Manual Book

You must enter values for æ,
Note:
G
[
Prn(pmt1,pmt2 ,roundvalue
G
computes the sum of the interest during a specified period for an amortization
Int(
schedule using stored values for ¾æ,
the ending payment in the range.
specifies the internal precision the calculator uses to calculate the interest; if
roundvalue
you do not specify
setting.
G
[
Int(pmt1,pmt2 ,roundvalue
Amortization Example: Calculating an Outstanding Loan Balance Amortization Example: Calculating an Outstanding Loan Balance Amortization Example: Calculating an Outstanding Loan Balance Amortization Example: Calculating an Outstanding Loan Balance
You want to buy a home with a 30-year mortgage at 8 percent APR. Monthly payments
are 800. Calculate the outstanding loan balance after each payment and display the
results in a graph and in the table.
1. Press z. Press † ~ ~ ~ Í to set the
fixed-decimal mode setting to
select graphing mode.
Par
Chapter 14: Applications
PV
]
)
pmt1
, the TI-84 Plus uses the current
roundvalue
]
)
. Press † † ~ Í to
2
, , and before computing the principal.
PMT
, and .
PV PMT
pmt1
and must be positive integers < 10,000.
pmt2
is the starting payment.
decimal-mode
Float/Fix
is
pmt2
400