Question about Texas Instruments TI-83 Plus Calculator
Press the APPS key, select the Finance app, and then TVM_Solver.
For N, enter 5 * 1 2 for 5 monthly payments.
For I%, enter 1 . 9 / 1 2 for the monthly interest rate.
For PV, enter 1 8 0 0 0 for the present value of the loan.
Make sure "END" is highlighted on the bottom line.
Move the cursor to the "PMT" line and press ALPHA ENTER to compute the monthly payment. You'll get a negative number since this represents something you pay out.
Posted on Apr 03, 2011
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Posted on Jan 02, 2017
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