Answer
Nov 03, 2024 - 10:13 PM
To calculate the monthly mortgage payment using the Texas Instruments BA Real Estate Financial Calculator, follow these steps:
1. Turn on the calculator by pressing the ON/C button.
2. Enter the loan amount using the numeric keypad.
3. Press the PV (Present Value) button.
4. Enter the interest rate as a decimal. For example, if the interest rate is 5%, enter 0.05.
5. Press the I/Y (Interest Rate per Year) button.
6. Enter the loan term in years using the numeric keypad.
7. Press the N (Number of Payments) button.
8. Press the PMT (Payment) button.
9. The calculator will display the monthly mortgage payment.
Please refer to the user guide provided for more detailed instructions and examples on using the Texas Instruments BA Real Estate Financial Calculator for mortgage calculations.
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