Question about Texas Instruments BA-II Plus Calculator
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:
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
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