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Texas Instruments TI-84 User Manual

Page 403

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Chapter 14: Applications

400

Note:

You must enter values for

æ,

PV

,

PMT

, and before computing the principal.

G

Prn(pmt1,pmt2

[

,roundvalue

]

)

G

Int(

computes the sum of the interest during a specified period for an amortization

schedule using stored values for

¾æ,

PV

, and

PMT

.

pmt1

is the starting payment.

pmt2

is

the ending payment in the range.

pmt1

and

pmt2

must be positive integers < 10,000.

roundvalue

specifies the internal precision the calculator uses to calculate the interest; if

you do not specify

roundvalue

, the TI-84 Plus uses the current

Float/Fix

decimal-mode

setting.

G

Int(pmt1,pmt2

[

,roundvalue

]

)

Amortization Example: Calculating an Outstanding Loan Balance

Amortization Example: Calculating an Outstanding Loan Balance

Amortization Example: Calculating an Outstanding Loan Balance

Amortization Example: Calculating an Outstanding Loan Balance

You want to buy a home with a 30-year mortgage at 8 percent APR. Monthly payments
are 800. Calculate the outstanding loan balance after each payment and display the
results in a graph and in the table.

1.

Press

z. Press  † ~ ~ ~ Í to set the

fixed-decimal mode setting to

2

. Press

† † ~ Í to

select

Par

graphing mode.