The most common calculation would seem to be home loan payments. For the life of me, I can't get the correct answer with this blassed thing. I have a 200,000 mortgage for 30 years at 5.75% with monthly payments. How do I calculate it with this TI BA II Plus? Thanks.

Reset your calculator.

Input the followinw:

-200,000 PV

5.75 I/Y

30 N

CPT PMT

Note: If the interest is compounded monthly then you have to multiply 30 by 12 and divide 5.57 by 12.

Posted on Mar 02, 2009

Are you putting 30x12=360 for N? Since you have monthly payments, you have to compute it a little different. Also, you have to find the effective monthly interest rate. 1.0575^(1/12) = .4669839%.

Another way is to enter 30 for N and 5.57 for I/Y, and change P/Y to 12.

Hope this helps!

Posted on Apr 30, 2008

200,000 (PV) 5.75 (I/Y) 30 (2nd) (N)(N) (CPT)(PMT)

Posted on May 16, 2008

200,000(PV) 360(n) 0.47917(I/Y) (cpt) (FV)

if compounded monthly => 5.75%/12

Posted on Jun 18, 2008

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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

Please contact the company you have the loan with. As much as we'd like your money, FixYa cannot accept payment due someone else.

Jan 04, 2015 | Office Equipment & Supplies

Did you fix this? I am having the same problem.

Jun 30, 2011 | HP 10bII Calculator

$596.57 is what I get with payments occurring at the beginning of the month. Set it to handle payments at the end of the month. My calculator gives $599.55 for this case.

I'm not sure about the BA RE, but on the BA-II Plus you change the Begin/End setting by pressing 2nd [BGN] and 2nd [SET].

I'm not sure about the BA RE, but on the BA-II Plus you change the Begin/End setting by pressing 2nd [BGN] and 2nd [SET].

Mar 09, 2011 | Texas Instruments BA Real Estate...

If $100,000.00 loan: enter 100000. in pv,
if interest rate is 5%,
enter 5 divided by 12 = %i
if 30 year mortgage,
enter 360 N
enter 2nd PMT to get monthly principle and interest.
You may have already solved this problem.

Aug 19, 2010 | Texas Instruments BA Real Estate...

You have the number of payments per year set to one, so the calculator is telling you that you will get annual payments of 7500 on your investment. To set the number of payments per year to twelve, press 2nd [P/Y] 1 2 ENTER 2nd [QUIT]. Now pressing CPT [PMT] should give you the monthly payment of 805.28.

Aug 17, 2010 | Texas Instruments BA-II Plus 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

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

No. To the nearest cent, the monthly interest is $162.50. The monthly payments only pay the interest, without reducing the principal.

Apr 15, 2009 | Texas Instruments TI-83 Plus Calculator

Change the payments-per-year to 1 to get the correct answer. Press 2nd [P/Y] 1 ENTER.

To pay off a loan of $3245 at 12% annual interest, you can either make 6 monthly payments of $559.91 and pay it off in half a year or make 6 annual payments of $789.27 and pay it off in six years.

To pay off a loan of $3245 at 12% annual interest, you can either make 6 monthly payments of $559.91 and pay it off in half a year or make 6 annual payments of $789.27 and pay it off in six years.

Jan 15, 2009 | Texas Instruments BA-II Plus Calculator

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

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