{"id":18667,"date":"2016-11-08T17:28:25","date_gmt":"2016-11-08T17:28:25","guid":{"rendered":"http:\/\/www.oracletutoring.ca\/blog\/?p=18667"},"modified":"2016-11-08T17:28:25","modified_gmt":"2016-11-08T17:28:25","slug":"financial-calculators-ti-ba-35-finding-interest-rate-of-a-loan-with-single-lump-sum-repayment","status":"publish","type":"post","link":"https:\/\/www.oracletutoring.ca\/blog\/financial-calculators-ti-ba-35-finding-interest-rate-of-a-loan-with-single-lump-sum-repayment\/","title":{"rendered":"Financial calculators: TI BA-35: finding interest rate of a loan with single lump-sum repayment"},"content":{"rendered":"

The tutor shows how to use the Texas Instruments BA-35 to find the interest rate of a loan.<\/h1>\n

Example:<\/p>\n

Suppose a loan is made for $750. Twenty months later, it is repaid with a lump sum of $880. What is the interest rate, assuming it was compounded monthly?<\/p>\n

Solution:<\/p>\n

    \n
  1. \nTo clear the calculator, go into STAT mode then back into FIN mode: press 2nd FRQ 2nd N<\/li>\n
  2. \nKey in 750 PV 20 N 880 FV 0 PMT CPT %i\n<\/li>\n
  3. \nHopefully you receive the answer 0.8024459. This is the interest rate per period<\/strong>, which means per month in this case.<\/li>\n
  4. Multiply the answer by 12 to arrive at 9.6293502. This means the interest rate is 9.629% compounded monthly.\n<\/li>\n<\/ol>\n

    HTH:)<\/p>\n

    Source: BA-35 Solar Quick Reference Guide<\/u><\/p>\n

    Jack of Oracle Tutoring by Jack and Diane,<\/a> Campbell River, BC.<\/p>\n","protected":false},"excerpt":{"rendered":"

    The tutor shows how to use the Texas Instruments BA-35 to find the interest rate of a loan. Example: Suppose a loan is made for $750. Twenty months later, it is repaid with a lump sum of $880. What is …<\/p>\n

    Financial calculators: TI BA-35: finding interest rate of a loan with single lump-sum repayment<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90,2014,3],"tags":[263],"class_list":["post-18667","post","type-post","status-publish","format-standard","hentry","category-calculator-usage","category-financial-math","category-math","tag-ti-ba-35"],"_links":{"self":[{"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/posts\/18667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/comments?post=18667"}],"version-history":[{"count":4,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/posts\/18667\/revisions"}],"predecessor-version":[{"id":18671,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/posts\/18667\/revisions\/18671"}],"wp:attachment":[{"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/media?parent=18667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/categories?post=18667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/tags?post=18667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}