Education Technology

Finance App

How do I calculate interest with the TVM solver?

To calculate a payment, follow these steps.

1. Select the Finance icon and press =.

2. Select TVM_Solver by pressing =.

3. Enter in the respective values for this mortgage N = 360, I% =0, PV = 75,000, FV = 0, P/Y = 12, C/Y = 12.

4. Compute the Annual interest by placing the cursor next to I% = and select SOLVE by pressing h.

  • The interest is equal to 8.500091943