Education Technology

Solution 34474: Calculating Monthly Payments on a TI-84 Plus C Silver Edition Graphing Calculator.

How to calculate monthly payments on a TI-84 Plus C Silver Edition graphing calculator?

The example below will demonstrate how to calculate a monthly payment on the TI-84 Plus C Silver Edition calculator.

 

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] [1] [ENTER].
• Press [3] [6] [0] [ENTER].
• Press [8] [ . ] [5] [ENTER].
• Press [7] [5] [0] [0] [0] [ENTER].
• Press [ENTER] [0] [ENTER]
• Press [1] [2] [ENTER].

• Scroll to PMT and press [ALPHA] [SOLVE].

Please see the TI-84 Plus C Silver Edition guidebook for additional information.