Texas Instruments TI-84 Plus Guide Book

Appendix B: Reference Information 638
Amortization
AmortizationAmortization
Amortization
If computing
bal(), pmt2 = npmt
Let bal(0) = RND(PV)
Iterate from
m = 1 to pmt2
then:
Balance, principal, and interest are dependent on the values of
PMT, PV, æ, and pmt1 and
pmt2.
where:
RND
= round the display to the number of decimal
places selected
RND12
= round to 12 decimal places
I
m
RND RND12
–
i bal m 1–()×()[]=
bal m() bal m 1–()I
m
– RND PMT()+=
⎩
⎨
⎧
bal( ) bal pmt2()=
ΣPrn( ) bal pmt2()bal pmt1()–=
ΣInt( ) pmt2 pmt1–1+()RND PMT()×ΣPrn( )–=

Texas Instruments TI-84 Plus Specifications

General

Battery type	AAA
Power source	Battery
Number of batteries supported	4
Type	Graphing
Cover	No
Form factor	Pocket
Control type	Buttons
Product color	Black
USB port	Yes
USB 2.0 ports quantity	1
Digits	- digits
Display number of lines	8 lines
Display number of characters	16
RAM capacity	0.024 MB
ROM capacity	0.480 MB
Storage media type	-