Texas Instruments TI-84 PLUS SILV Guidebook - Page 330
Computing and Graphing Mortgage Payments
View all Texas Instruments TI-84 PLUS SILV manuals
Add to My Manuals
Save this manual to your list of manuals |
Page 330 highlights
9. Press p. Set the viewing window. Xmin=0 Xmax=200 Xscl=10 Ymin=0 Ymax=150 Yscl=10 Xres=1 10. Press o. Turn off all functions and stat plots. Enter the equation for the area. Use X in place of N. Set the graph styles as shown. 11. Press r. After the graph is plotted, press 100 Í to trace to X=100. Press 150 Í. Press 188 Í. Notice that as X increases, the value of Y converges to p62, which is approximately 113.097. Y2=pB2 (the area of the circle) is a horizontal asymptote to Y1. The area of an N-sided regular polygon, with r as the distance from the center to a vertex, approaches the area of a circle with radius r (pr2) as N gets large. Computing and Graphing Mortgage Payments Problem You are a loan officer at a mortgage company, and you recently closed on a 30-year home mortgage at 8 percent interest with monthly payments of 800. The new home owners want to know how much will be applied to the interest and how much will be applied to the principal when they make the 240th payment 20 years from now. Procedure 1. Press z and set the fixed-decimal mode to 2 decimal places. Set the other mode settings to the defaults. Chapter 17: Activities 323