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I used my calculator for years.When I lost my job 3 yrs ago, I stopped using it. How do I calculate a monthly payment for $100,000 at 7% interest rate over 360 months?

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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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What is the formula to figure 4% daily on 380,000.00 ? Or on any amount ?


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 )

Nov 30, 2017 | The Computers & Internet

1 Answer

How to calculate npv


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.

May 30, 2014 | Sharp EL-738 Scientific Calculator

1 Answer

Will someone please walk me through the steps to calculate a mortgage payment on the BAII PLUS TEXAS INSTRUMENT. Please be specific. Thanks.


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.

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

1 Answer

I cannot get the textbook answer (online calculators are also the same as textbook answer) using my sharp calculator EL738: Monthly payment for $184,500 at 6.75% interest semi annually, for 5 year term...


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.

Feb 22, 2011 | Sharp EL-738 Scientific Calculator

1 Answer

Lent someone my calculator and now when I try to figure a payment it is too great, I put in $100,000 @ 5% 360 Months and it is giving me a payment of $5000.00 not sure how to get it right


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

3 Answers

How do I calculate a mortgage payment?


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...

1 Answer

A $25000 home equity line of credit based on 7.8% APR annualized


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

1 Answer

Present value of a loan


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.

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

1 Answer

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

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

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