Question about Texas Instruments TI-83+ Graphing Calculator (TEX83PL)
Yes you can use it, here is the formula: Y= V(t+ (i/c))^(tc) V=amount put in, t=time, i=intrest rate, c= amount of times it is compounded.
(I know this because I have a TI-83 calculator)
Posted on May 13, 2009
No, you should be able to use the TI-83 calculator to solve compound interest. It's just a matter of knowing the formula. The equation should be entered like this:
P x (1 + (R / N)) ^ (N x T)
P = Principle
R = Rate of Interest
N = Number of times compounded per YEAR
T = Number of years to compound
You will get the amount that the principle is worth at the end of T years plus the interest accrued.
Note: Type the equation in (with the numerical equivalents of course, not the letters) EXACTLY as I have it up there (but without the spaces)!!!
Posted on Sep 09, 2009
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