Question about Texas Instruments BA-II Plus Calculator

# 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

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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.

Posted on Feb 26, 2011

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