Calculating amortization, Calculating an amortization schedule – Texas Instruments TI-83 PLUS User Manual

Page 457

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TI-83 Plus

Applications

454

Calculating Amortization

Calculating an Amortization Schedule

Use the amortization functions (menu items

9

,

0

, and

A

) to calculate

balance, sum of principal, and sum of interest for an amortization
schedule.

bal(

bal(

computes the balance for an amortization schedule using stored

values for

æ

,

PV

, and

PMT

.

npmt

is the number of the payment at which

you want to calculate a balance. It must be a positive integer < 10,000.

roundvalue

specifies the internal precision the calculator uses to calculate

the balance; if you do not specify

roundvalue

, then the

TI-83 Plus

uses the

current

Float

/

Fix

decimal-mode setting.

bal(

npmt

[

,

roundvalue

]

)

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