Solution 11926: Calculating Monthly Payments on a TI-83 Family or TI-84 Plus Family Graphing Calculator.
How do I calculate monthly payments on a TI-83 family or TI-84 Plus family graphing calculator?
The example below will demonstrate how to calculate a monthly payment on a
TI-83 family or TI-84 Plus family graphing
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)?
Solution: First access the TVM solver by pressing [APPS] [FINANCE] [ENTER]. (If using the TI-83, press [2nd] [FINANCE] [ENTER].)
1) Input the following values:
2) Move the cursor beside PMT and press [ALPHA] [SOLVE].
For more information regarding your Texas Instruments graphing calculator, please refer to the guidebooks section.