Question about Texas Instruments TI-84 Plus Calculator
I'm going to make up an example so this is easier to answer.
Ex: You have a bond with a price of $987, with a coupon of 1.5%, which matures in 10 years.
To do this problem:
[APPS]  
What comes up on screen:
This is all the stuff that you really care about.
Now, add in the info you know from the equation. Put in a 0 if you don't know the number for that part.
This is what it should look like:
Now, cursor back up to the I%=0 part.
Highlight the '0' that you had in there from before.
[ALPHA] [ENTER] ----> notice above the enter button it says in green lettering "solve", this is what you are trying to do.
Yay! Your caluculator has now figured out the interest rate!
it should say:
1. Make sure your payment is set at the end of the period (this is just the standard so you probably don't want to mess with it.) Scroll down to the PMT: END BEGIN part and make sure the END is highlighted.
2. This example used annual coupon payments. The p/y and c/y business is used for when you have semi-annual payments or semi-annual compounding (or daily, or hourly etc). You can use this feature, or you can just adjust the payment and periods
(ie: if this were a semi-annual coupon bond, the N would be 20 and the pmt would be 7.5)
Posted on Apr 30, 2009
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Posted on Jan 02, 2017
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