This instructional worksheet covers the use of the TVM Solver and construction and interpretation of Amortization Tables - i.e. how much of your repayment is interest versus principal. The Calculator, Lists & Spreadsheet and the Data & Statistics applications are used in these examples.
Before the Activity
Students should have a basic understanding of Financial Arithmetic, Simple Interest and Compound Interest.
During the Activity
Students can work through this instructional worksheet (with screen dumps) to familiarise themselves with the concept of Amortization tables.
A TI-Nspire file that allows students to edit input values is included.