Question about Texas Instruments BA-II Plus Calculator

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Loan balance is the amount you are expecting to borrow, or the amount you have leftover on a loan if you are calculating the interest rate of the remaining balance. This number is completely up to you, and it provides you with a way to find out how much you can afford to borrow based on the monthly payments you can afford as well. To find out the total amount of cash advance that you will have paid in total by the time the loan is paid off, you multiply the monthly payments by the total months of the loan (loan term years x 12).

Posted on Sep 12, 2011

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Set your p/y to 12( compounding periods per year). I think you are calculating for a one year loan?

Posted on Nov 29, 2008

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Posted on Jan 02, 2017

depends on how often you pay off principle and how much dollars.

and how often you are charged interest.

fv=pv*(1+interest rate)^n n being the term of interest

so lets assume you pay zero off it and interest is calculated daily

fv=6300*(1+0.015/365)^365

interest = fv - pv

= 95.21 for one year without repayment

if you were to pay approx 25.15 a week you would pay this loan in 5 years time and pay approx $240 in total interest over five years

EXCLUDING future interest rate increases over the five years and excluding bank fees like account fees or account manage fee or setup a loan fee.

You could create a spreadsheet each day and calculate the interest as annual interest / 365 for the daily calculation

Then add the account fee onto the balance calc + any set up fee onto the start balance. by using =a$5 for the repayment on all rows as an example you can copy it down and the cell number will always be a$5

this way you can alter a5 and the repayment alters all the way down each week row.

or just download a template for excel

https://templates.office.com/en-us/Loan-amortization-schedule-TM10073881

and how often you are charged interest.

fv=pv*(1+interest rate)^n n being the term of interest

so lets assume you pay zero off it and interest is calculated daily

fv=6300*(1+0.015/365)^365

interest = fv - pv

= 95.21 for one year without repayment

if you were to pay approx 25.15 a week you would pay this loan in 5 years time and pay approx $240 in total interest over five years

EXCLUDING future interest rate increases over the five years and excluding bank fees like account fees or account manage fee or setup a loan fee.

You could create a spreadsheet each day and calculate the interest as annual interest / 365 for the daily calculation

Then add the account fee onto the balance calc + any set up fee onto the start balance. by using =a$5 for the repayment on all rows as an example you can copy it down and the cell number will always be a$5

this way you can alter a5 and the repayment alters all the way down each week row.

or just download a template for excel

https://templates.office.com/en-us/Loan-amortization-schedule-TM10073881

Jan 19, 2018 | Computers & Internet

Try an amortization schedule calculator:

https://www.amortization-calc.com/

BTW--IMHO 27% interest is w-a-a-a-a-y too much unless you have no other options!

https://www.amortization-calc.com/

BTW--IMHO 27% interest is w-a-a-a-a-y too much unless you have no other options!

Mar 03, 2016 | Office Equipment & Supplies

You can check your total loan balance online at any time by logging into your myIR Secure Online Services account. Once you're logged in, you can access your account, see your current loan balance, repayments, interest charges and/or write-offs. For more details http://www.myhardmoneyschool.com/about-our-company.php

Mar 04, 2014 | sss.gov Computers & Internet

Put in all of the other data (present and future value, etc). Put in the new interest rate and press the I/Y key. Press CPT then the N key to see the new number of periods.

Jan 03, 2013 | Texas Instruments BA-II Plus Calculator

Please refer to the link to formula involving loan calculation: http://www.docstoc.com/docs/64563308/Calculating-Loan-Payments-Using-Reducing-Balance-Formula

Mar 21, 2011 | Texas Instruments BA-II Plus Calculator

The process of paying off a loan through specifically structured periodic payments is known as amortization. Amortized loans are different from other loans due to the way the amount and the structure of each payment is determined.

mortgage payments are a common form of amortized loans, and interestingly enough, both the term mortgage and the termamortization find their meaning in the same root word "mort." This term means to deaden or kill, as in to "kill off" or eliminate the loan a bit at a time, via regular payments.

Feb 10, 2011 | Computers & Internet

This is something you should see your financial institution over, but when i work the math your looking at a 60 month loan total principal divided by # of months in the term i get a $972 monthly payment, $58 going to intrest out of each payment.

Apr 29, 2009 | HP 17bII Calculator

Try this formula=((A1)*(1+A2))-A3
Where:
A1 is the original Balance
A2 is the interest rate
A3 is the money paid for the preceding month

Apr 02, 2009 | Microsoft Excel for PC

The present value of any future monthly (?) stream of payments stretching some 24 years into the future takes into account the time value of money and depends on the interest rate assumed to apply for each month throughout those 24 years.

There are formulae to calc this for an equal monthly payment and a constant interest rate, over the term but for a variable interest rate you need a spreadsheet.

In the simple case of zero interest assumed throughout the term, present value = current principal balance, but for any positive interest rate, the total present value of the future payment stream is less than the current principal balance.

There are formulae to calc this for an equal monthly payment and a constant interest rate, over the term but for a variable interest rate you need a spreadsheet.

In the simple case of zero interest assumed throughout the term, present value = current principal balance, but for any positive interest rate, the total present value of the future payment stream is less than the current principal balance.

Oct 06, 2008 | Texas Instruments TI-30XA Calculator

Sep 11, 2014 | Texas Instruments BA-II Plus Calculator

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