THANKS! this is so much simpler than the previous video i watched. he started off by calculating the number of pymts. vs just putting in 360. so you can imagine how the rest went.
Well if you can pay more then what your payment is calculated. For example in this video the payment was $1498 a month, just change that to how much you want to pay a month (say $2000) you enter that in the payment spot. Then go to N and solve for N. N will be the amount of payments you would need to make. Then subtract it from the 360 to figure out how you much you could pay it of earlier. I hope that makes sense.
THANKS! this is so much simpler than the previous video i watched. he started off by calculating the number of pymts. vs just putting in 360. so you can imagine how the rest went.
I know you could do it. I've try it with Ti 83+. It worked perfect. V informative.Sir, Thank you very much indeed.
Great lesson. Thank you.
This is a great video! Thanks!
Thanks a lot, really helped me out!
Can you do an example of a similar calculation using monthly compounding but bi-weekly payments?
dude! what a wonderful video. thx a lot
What about paying more than you owe ? How do you figure extra payments?
Well if you can pay more then what your payment is calculated. For example in this video the payment was $1498 a month, just change that to how much you want to pay a month (say $2000) you enter that in the payment spot. Then go to N and solve for N. N will be the amount of payments you would need to make. Then subtract it from the 360 to figure out how you much you could pay it of earlier. I hope that makes sense.