TI-83 Plus
Applications
456
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
2
. Press
†
†
~
Í
to select
Par
graphing mode.
2. Press
Œ
Í
Í
to display the
TVM Solver
.
3. Press
Í
360
to enter number of payments.
Press
†
8
to enter the interest rate. Press
†
†
Ì
800
to enter the payment amount. Press
†
0
to enter the future value of the mortgage. Press
†
12
to enter the payments per year, which
also sets the compounding periods per year to
12
. Press
†
†
Í
to select
PMT:END
.
Summary of Contents for 83PL/CLM/1L1/V - 83 Plus Calc
Page 407: ...TI 83 Plus Inferential Statistics and Distributions 404 Input Calculated results Drawn results...
Page 412: ...TI 83 Plus Inferential Statistics and Distributions 409 Data Stats Input Calculated results...
Page 454: ...TI 83 Plus Applications 451 tvm_FV tvm_FV computes the future value tvm_FV PV PMT P Y C Y...