Clients claim to not know their current interest rate while talking about a new refinance. I have the term, loan amount and payment. What is the process to "roll" to the rate to find out what the rate is for a apples to appels comparison?

Enter the number of payments and press "n". Enter the monthly payment as a negative number and press "PMT." Enter the amount of the loan and press "PV." Press "i" and see the interest rate.

Posted on Sep 03, 2013

SOURCE: How do I get monthly payment with present amount

In any order, enter loan amount followed by PV, number of months followed by N, interest rate followed by i. Then press PMT.

If you need a manual, you can download one from

http://h10025.www1.hp.com/ewfrf/wc/manualCategory?product=81575

You can also download training modules at

http://h20331.www2.hp.com/Hpsub/downloads/12c.zip

Posted on Feb 22, 2011

SOURCE: I need to determine the interest rate given the

8 5 0 0 0 0 PV 1 0 0 0 0 0 0 CHS FV 2 n i

The loan seems rather usurious. Are you sure it's not a two-year loan (twenty-four months)? That brings the interest rate down into a reasonable range.

Posted on Feb 22, 2011

SOURCE: borrowed 18ooo-repay loan equal monthly payments

Once you're in the TVM solver:

On the top line (N=) type in 5 * 12 ENTER for five years of month payments.

On the I% lline type in 5.5 / 12 ENTER for the month interest rate.

On the PV line type in 18000 ENTER

Make sure the FV is 0 and END is highlighted on the bottom line.

Move the cursor to the PMT line and press ALPHA [SOLVE] (that's ALPHA ENTER) and see -343.82 for the monthly payment.

Posted on Feb 19, 2010

SOURCE: using an older EL-533.

Sharp does not have the manual for the EL-533, but there is one for the EL-531 (click the link to go). It's very close and similar.

For some reason they just don't have the EL-533 on site.

Hope this helps (remember to rating this free answer leave some testimonial comments).

Posted on Oct 08, 2011

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Posted on Jan 02, 2017

A=P((1-(1+r)^(-n))/r, where A is the present value of the annuity, or the amount of the loan, P is the periodic payment, r is the interest rate per period, and n is the number of periods. In this case, I assume the payments are monthly, so n would be 36. You mentioned that you already have A and P. However, solving for r algebraically is not that easy because it is in two places on the right hand side. However, you can make a table and put in interest rates to make both sides equal. Remember to multiply this answer by 12 to get the annual interest rate.

For example, if the payment is $100, and the amount of the loan is $2,766.07, and the number of periods is 36, what is the interest rate.

r Calculate Actual Difference

0.010 3010.75 2766.07 -244.68

0.011 2959.42 2766.07 -193.35

0.012 2909.33 2766.07 -143.26

0.013 2860.42 2766.07 -94.35

0.014 2812.68 2766.07 -46.61

0.015 2766.07 2766.07 0.00

0.016 2720.55 2766.07 45.52

0.017 2676.11 2766.07 89.96

You can see from the chart that the value of r of 0.015 makes the difference 0, so the periodic interest rate is 0.015 or 1.5%. We need to annualize this by multiplying by 12 and we get an annual interest rate of 18%.

Good luck,

Paul

Annuity Payment PV

For example, if the payment is $100, and the amount of the loan is $2,766.07, and the number of periods is 36, what is the interest rate.

r Calculate Actual Difference

0.010 3010.75 2766.07 -244.68

0.011 2959.42 2766.07 -193.35

0.012 2909.33 2766.07 -143.26

0.013 2860.42 2766.07 -94.35

0.014 2812.68 2766.07 -46.61

0.015 2766.07 2766.07 0.00

0.016 2720.55 2766.07 45.52

0.017 2676.11 2766.07 89.96

You can see from the chart that the value of r of 0.015 makes the difference 0, so the periodic interest rate is 0.015 or 1.5%. We need to annualize this by multiplying by 12 and we get an annual interest rate of 18%.

Good luck,

Paul

Annuity Payment PV

Aug 15, 2016 | Office Equipment & Supplies

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

In any order, enter loan amount followed by PV, number of months followed by N, interest rate followed by i. Then press PMT.

If you need a manual, you can download one from

http://h10025.www1.hp.com/ewfrf/wc/manualCategory?product=81575

You can also download training modules at

http://h20331.www2.hp.com/Hpsub/downloads/12c.zip

If you need a manual, you can download one from

http://h10025.www1.hp.com/ewfrf/wc/manualCategory?product=81575

You can also download training modules at

http://h20331.www2.hp.com/Hpsub/downloads/12c.zip

Feb 09, 2011 | HP 12c Calculator

Once you're in the TVM solver:

On the top line (N=) type in 5 * 12 ENTER for five years of month payments.

On the I% lline type in 5.5 / 12 ENTER for the month interest rate.

On the PV line type in 18000 ENTER

Make sure the FV is 0 and END is highlighted on the bottom line.

Move the cursor to the PMT line and press ALPHA [SOLVE] (that's ALPHA ENTER) and see -343.82 for the monthly payment.

On the top line (N=) type in 5 * 12 ENTER for five years of month payments.

On the I% lline type in 5.5 / 12 ENTER for the month interest rate.

On the PV line type in 18000 ENTER

Make sure the FV is 0 and END is highlighted on the bottom line.

Move the cursor to the PMT line and press ALPHA [SOLVE] (that's ALPHA ENTER) and see -343.82 for the monthly payment.

Jan 17, 2010 | Texas Instruments TI-83 Plus Calculator

The actual interest rate is 36%. (1.5*24). Where did you get the 0.5666667 from 24/36 is 0.6666667.

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Dec 10, 2008 | Office Equipment & Supplies

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

Nov 18, 2008 | Texas Instruments BA-II Plus Calculator

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

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