Solution 34531: Calculating Interest Rate on the TI-84 Plus C Silver Edition Graphing Calculator.
How is interest rate calculated on a TI-84 Plus C Silver Edition graphing calculator?
The example below will demonstrate how to calculate interest rate on a TI-84 Plus C Silver Edition graphing calculator.
Example: What is the interest rate for a mortgage of $75,000 if making a $576.69 payment each month for 360 months?
Solution:
First access the TVM solver by pressing [2nd] [FINANCE] [ENTER].
Input the following values:
Move the cursor beside I% and press [ALPHA] [SOLVE].
Please see the TI-84 Plus C Silver Edition guidebook for additional information.
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