Question about Texas Instruments TI-83 Plus Calculator

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$23000, 48 months, 572.36 per month what is the interest rate?

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9% nominal annual interest or 0.75% monthly

Posted on Apr 17, 2014

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Posted on Jan 02, 2017

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Uncle Dean
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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.
Thank you

Posted on Mar 02, 2008

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SOURCE: i have a TI30XA and i'm trying to use it to find

A = P(1 + r/q)nq is the formula you use. first write it all out, where P is the principle or $5000, r is the rate of 6%, q is the times per year so it would be 12 if done monthly, and n is how many years which would be 10. hope this helps.

Posted on Apr 28, 2010

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How can I calculate the EMI of a home loan of 90 lacs?


Banks and Non-Banking Financial Companies use the following formula to calculate EMI of a home loan. This is the formula for calculating compound interest. Applying the same formula for a home loan of Rs 90Lakhs, we get,

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where,
P= Amount borrowed- Here, it will be 90 lakhs
R= Rate of interest per month
N= Number of months in the home loan tenure

Going by the current lending rates followed by the financial institutions, we will consider R to be 9% per annum (to be converted to % per month) and for the loan tenure, we will take 20 years/240 months.

Substituting all values in the above formula, the home loan EMI comes out to be Rs 80,975 per month.

You can easily calculate the EMI for your home loan for any bank or NBFC using a free online Home Loan EMI calculator. You can also find this handy tool on the online portals of most banks and NBFCs. All you have to do is feed in the values in the respective fields and receive the answers.

Oct 09, 2017 | The Office Equipment & Supplies

1 Answer

COMPOUND INTEREST


But how often is the interest applied, yearly or monthly? If yearly, then the last 3 months don't earn anything at the 29 mo point. So $27624.

If applied monthly the usual trick is to simply divide the yearly rate by 12 = 1.32% per mo. So after 29 mo, $30132

Dec 18, 2013 | Sharp el-531x scientific calculator

1 Answer

Help using HP17 bII+ to solve for annuity?


If the interest rate is 1 percent per month then it's 12 percent per year. You're making monthly payments so the payments per year is 12.
From the main menu, press FIN then TVM to enter the Time Value of Money mode. Press [SHIFT] [CLEAR DATA] to clear. Press OTHER. Enter 12 P/YR and END. Press EXIT. Enter 48 N. Enter 12 I%YR. Enter -632 PMT. Press PV to see 23,999.54 .

Feb 29, 2012 | HP 10b Calculator

1 Answer

Formula of simple interest


Interest = P x i/100 x n
P - Capital
i - Interest rate per unit time (month/year)
n - No. of time units (months/years)

Sep 21, 2011 | Office Equipment & Supplies

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We are not obtaining the correct answer when computing the I/Y. The problem is N=30, PV=-500, PMT = 0, FV = 10000. We are getting 126.01


Since you didn't specify what result you were expecting, I can only guess at what you want.

The answer is correct assuming 12 periods per year. To have 500 increase to 10000 in 30 months, you need an annual interest rate of 126%. For a more realistic result, set the number of periods per year to one by pressing 1 SHIFT [P/YR] then repeat the calculation. This will produce 10.5% for the annual interest rate.

Alternatively, if the interest is compounded monthly, specify 360 for N. This will give a value closer to 10% annually, compounded monthly.

Sep 17, 2011 | HP 10bII Calculator

1 Answer

Future &present value


That depends on the interest rate.

2nd [CLR TVM] (clear previous data)
5 0 0 0 PMT (monthly payment)
2 0 2nd [*P/Y] N (20 years of monthly payments)
annual interest rate I/Y (annual interest rate)
CPT PV (compute present value)

At 10% it's about $518,000

May 26, 2010 | Texas Instruments BA-II Plus Calculator

1 Answer

Monthly interest Rate is 1.5% and the factor for 24 is .5666667


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



Please remember to rate this answer.

Dec 10, 2008 | Office Equipment & Supplies

1 Answer

Need your help


Try the FV function Syntax
FV(rate,nper,pmt,pv,type)

Nov 03, 2007 | Computers & Internet

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