Texas Instruments BA-35 Quick Reference Guide - Page 30
Common Keystroke Sequences
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Common Keystroke Sequences Monthly Payment for a Home Mortgage Purpose: To find the amount of the monthly payment on a mortgage with end-of-month payments (ordinary annuity). Values You Supply: § mortgage amount § annual interest rate § number of years in mortgage Procedure Clear calculator and mode registers; select two decimal places. Press 2 until FIN is displayed. Press 0 a until Begin is not displayed.* Enter mortgage amount. Calculate interest rate. Enter interest rate. Calculate number of payment periods. Enter number of payment periods. Compute monthly payment. Key Sequence - 0 b 0 c 2 2 0 a mortgage K rate 0 h I years 0 i C 1 M * If payments occur at the beginning of each month (annuity due), press 0 a until Begin is displayed. 30
30
Common Keystroke Sequences
Monthly Payment for a Home Mortgage
Purpose: To find the amount of the monthly
payment on a mortgage with end-of-month
payments (ordinary annuity).
Values You Supply:
§
mortgage
amount
§
annual interest
rate
§
number of
years
in mortgage
Procedure
Key
Sequence
Clear calculator and mode
registers; select two decimal
places.
-
-
0
b
0
c
2
Press
2
until
FIN
is
displayed.
2
Press
0
a
until
Begin
is
not
displayed.*
0
a
Enter mortgage amount.
mortgage
K
Calculate interest rate.
rate
0
h
Enter interest rate.
I
Calculate number of payment
periods.
years
0
i
Enter number of payment
periods.
C
Compute monthly payment.
1
M
*
If payments occur at the beginning of each
month (annuity due), press
0
a
until
Begin
is displayed.