Question about Computers & Internet

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If what you are saying is that you have to calculate 7% monthly from 100 $ this means exactly $7 for each month ..so you have to multiply 7 for one month with 360 months and the result will be $2520 for all 360 ...unless it has some penalties to be calculated or something like that ..If the problem that you describe is accurate this is the answer..

Posted on Nov 06, 2010

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Posted on Jan 02, 2017

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premium X % X time

so 380,00000 X4/100 X 1 year

it calculated as the amount ( premium ) multiplied by the percentage of 100 multiplied by the period in years or parts of a year

so it can be 100 X 25% or 1/4(25/100) by the period (5 years or daily (1/365 of a year)

This is known as simple interest

compound interest is calculated on remaining premium after payment X the interest rate by the day or week or month

so for example 100 X 4/100 X 1/12 is the first calculation for the month and for the next month the calculation will be premium of 80 ( if a 20 payment was made in the month X 4/100 X 1/12 and so on if payment are made on time

pm the other hand if no payment are made then the premium goes up by the interest rate

so for the next month it is 104 X 4/100 X 1/12 and the month after that 108.16 X 4/100 X 1/12.and so on

banks use compound when calculating home loan repayments and simple interest when paying interest on your deposits

( has to be in the bank for 367 days to get the interest paid )

so 380,00000 X4/100 X 1 year

it calculated as the amount ( premium ) multiplied by the percentage of 100 multiplied by the period in years or parts of a year

so it can be 100 X 25% or 1/4(25/100) by the period (5 years or daily (1/365 of a year)

This is known as simple interest

compound interest is calculated on remaining premium after payment X the interest rate by the day or week or month

so for example 100 X 4/100 X 1/12 is the first calculation for the month and for the next month the calculation will be premium of 80 ( if a 20 payment was made in the month X 4/100 X 1/12 and so on if payment are made on time

pm the other hand if no payment are made then the premium goes up by the interest rate

so for the next month it is 104 X 4/100 X 1/12 and the month after that 108.16 X 4/100 X 1/12.and so on

banks use compound when calculating home loan repayments and simple interest when paying interest on your deposits

( has to be in the bank for 367 days to get the interest paid )

Nov 30, 2017 | The Computers & Internet

Hi there,

To calculate present value you need to type in all the other missing values and then press COMP and PV.

For example: if the future value is R5000, the interest is 12% p.a. compounded monthly and it paid over 3 years.

Type in 5000 and press FV

type in 12 and I/Y

Press 2nd F and I/Y and make sure P/Y says 12 (for 12 payments per year).

Press ON

press 3 press 2nd F N and then press N again (for 36 payments in total). Make sure your screen says ANS -> N otherwise the calculation will not work.

Now if if your payments are 0 (in other words you are not making monthly payments) then press 0 and PMT,

Otherwise, if you are making monthly payments for e.g. R200 a month, type in +/- 200 PMT.

Now calculate your original amount by pressing COMP PV.

If you made no payments your original amount should be -3494.62

And if you chose to add payments your original amount should be

2 526.88.

To calculate present value you need to type in all the other missing values and then press COMP and PV.

For example: if the future value is R5000, the interest is 12% p.a. compounded monthly and it paid over 3 years.

Type in 5000 and press FV

type in 12 and I/Y

Press 2nd F and I/Y and make sure P/Y says 12 (for 12 payments per year).

Press ON

press 3 press 2nd F N and then press N again (for 36 payments in total). Make sure your screen says ANS -> N otherwise the calculation will not work.

Now if if your payments are 0 (in other words you are not making monthly payments) then press 0 and PMT,

Otherwise, if you are making monthly payments for e.g. R200 a month, type in +/- 200 PMT.

Now calculate your original amount by pressing COMP PV.

If you made no payments your original amount should be -3494.62

And if you chose to add payments your original amount should be

2 526.88.

May 30, 2014 | Sharp EL-738 Scientific Calculator

For a thirty-year, $100,000 mortgage at 8% annually, compute the monthly payment:

2nd [CLR TVM] ( clear the time value of money registers )

3 0 * 1 2 N ( thirty years at twelve payments per year )

8 I/Y ( 8% annual interest )

1 0 0 0 0 0 PV ( $100,000 mortgage )

CPT PMT ( compute payment )

You should see -733.76. The negative indicates payment, the amount is $733.76.

2nd [CLR TVM] ( clear the time value of money registers )

3 0 * 1 2 N ( thirty years at twelve payments per year )

8 I/Y ( 8% annual interest )

1 0 0 0 0 0 PV ( $100,000 mortgage )

CPT PMT ( compute payment )

You should see -733.76. The negative indicates payment, the amount is $733.76.

May 08, 2011 | Texas Instruments BA Real Estate...

Your result is for the 6.75% interest compounded monthly. The problem states that the interest is compounded semiannually. This makes a difference in the effective interest rate.

A 6.75% APR compounded semiannually gives an effective interest rate of about 6.864%:

Press 2 , 6 . 7 5 2nd >EFF

Converting this to APR gives about 6.657%:

Press 1 2 , 6 . 8 6 4 2nd >APR

If you use 6.657 for the interest rate instead of 6.75 you should get the correct result.

A 6.75% APR compounded semiannually gives an effective interest rate of about 6.864%:

Press 2 , 6 . 7 5 2nd >EFF

Converting this to APR gives about 6.657%:

Press 1 2 , 6 . 8 6 4 2nd >APR

If you use 6.657 for the interest rate instead of 6.75 you should get the correct result.

Feb 22, 2011 | Sharp EL-738 Scientific Calculator

You have your payments-per-year set to 1 and the calculator is showing an annual payment of $5000. Press 2nd [P/Y] 1 2 ENTER 2nd [QUIT] to change it to twelve (monthly). Now pressing CPT PMT should give you a monthly payment of $536.82.

Nov 10, 2010 | Texas Instruments BA-II Plus Calculator

1 0 0 0 0 0 PV 7 i 3 6 0 n PMT will give you the month payment.

Nov 06, 2010 | HP 12c Calculator

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...

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

The present value of any future monthly (?) stream of payments stretching some 24 years into the future takes into account the time value of money and depends on the interest rate assumed to apply for each month throughout those 24 years.

There are formulae to calc this for an equal monthly payment and a constant interest rate, over the term but for a variable interest rate you need a spreadsheet.

In the simple case of zero interest assumed throughout the term, present value = current principal balance, but for any positive interest rate, the total present value of the future payment stream is less than the current principal balance.

There are formulae to calc this for an equal monthly payment and a constant interest rate, over the term but for a variable interest rate you need a spreadsheet.

In the simple case of zero interest assumed throughout the term, present value = current principal balance, but for any positive interest rate, the total present value of the future payment stream is less than the current principal balance.

Oct 06, 2008 | Texas Instruments TI-30XA Calculator

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

I would like to learn more about the BA II and how to do this type of math on it.

Thank you

Mar 02, 2008 | Texas Instruments BA-II Plus Calculator

Dec 10, 2018 | Computers & Internet

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