Question about Texas Instruments BA-II Plus Calculator

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I do not have the directions and need to figure out how to calculate mortgages.

I have a BAII plus, and need to know how to calculate mortgages..each time I try pv 100000 i/y 5.750 n 360 cpt pmt it comes up with an odd number.

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Here is the link to a guide;
Set PV=-$100,000
[2nd] P/Y= 12.00
N= 12 x 30 = 360, (i assume it's 30 Y amortization)
I/Y = 5.75%
FV = 0

Hope this helps

Posted on Apr 14, 2008


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