Question about Office Equipment & Supplies
Posted by Anonymous on
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Posted on Jan 02, 2017
SOURCE: interest only payments
I gave up using the Texas BA II. I used an on-line mortgage calculator for interest only. I was able to get a full printout.
I would like to learn more about the BA II and how to do this type of math on it.
Posted on Mar 02, 2008
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.
Posted on Apr 29, 2009
Press APPS. Select Finance. Select TVM Solver.
Enter 240 in the N= line.
Enter 39900 in the PV line.
Enter (-)308 in the PMT line. (-) is the key next to the decimal point.
Make sure END is highlighted on the bottom line.
Move the cursor to the I%= line and press ALPHA SOLVE and see .578650992. That's the monthly interest rate. Multiply by 12 to get the annual rate of 6.943811904%.
Posted on Feb 19, 2010
Work with the simple formula:
Interest = Initial * rate * time
To find the total amount, add the Initial plus the Interest, then subtract what has been paid. This will change the amount of money that will be accruing interest, though, so if there is a payment schedule you will need to repeat this calculation to get an exact number.
Find more information on wikipedia: http://en.wikipedia.org/wiki/Interest#Simple_interest
Posted on Mar 07, 2011
In case you have made a decision to take out a loan then the first thing you should get to know is an interest rateof your loan. And the company or the lender you apply to should calculate monthly payments and provide you all the necessary information about your loan. Everything should be very clear for you so make sure that you know how much you need to pay each month. Doesn't matter what kind of lending service you use and if you have a bank loan or a payday loan - you should know all the details regarding your monthly payments and repayment term. So it's better to ask professionals or the lenders you are going to apply to.
Posted on Feb 12, 2013
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