Texas Instruments BA-35 Quick Reference Guide - Page 24

Balance, Interest, and Principal

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Balance, Interest, and Principal To calculate balance, interest and principal, use 2 to set the calculator to the financial mode (FIN appears in the display.) W (Balance)-Calculates the remaining loan balance (principal) after a selected payment. To find the balance: 1. If necessary, press 0 a to change the calculator to solve for end-of-period payments or beginning-of-period payments. 2. Enter the appropriate values with the C, I, K, L, and M keys. 3. Enter the payment number. 4. Press W. V (Interest and Principal)-Calculates the interest and principal portions of a single payment; when used with the X key, it calculates the accumulated interest and principal over a range of payments. X (Payment Range Entry Key)-Enters a selected range of payments (payment 1 through payment x) so that you can calculate the accumulated interest and principal over that range. Note: When using X, enter the payment number as an integer. Do not enter a decimal point. 24

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24
Balance, Interest, and Principal
To calculate balance, interest and principal, use
2
to set the calculator to the financial mode
(
FIN
appears in the display.)
W
(Balance)
—Calculates the remaining loan
balance (principal) after a selected payment.
To find the balance:
1.
If necessary, press
0
a
to change the
calculator to solve for end-of-period
payments or beginning-of-period payments.
2.
Enter the appropriate values with the
C
,
I
,
K
,
L
, and
M
keys.
3.
Enter the payment number.
4. Press
W
.
V
(Interest and Principal
)—Calculates the
interest and principal portions of a
single
payment; when used with the
X
key, it
calculates the accumulated interest and
principal over a
range
of payments.
X
(Payment Range Entry Key)
—Enters a
selected range of payments (payment 1
through payment x) so that you can calculate
the accumulated interest and principal over that
range.
Note:
When using
X
, enter the payment
number as an integer.
Do not enter a decimal
point.