Reducing-balance loans with TI-Nspire
Chapter 9C
Chapter 9C
Analyse reducing-balance loans
Use TI-Nspire to calculate the 'unknown' for a reducing-balance loan.
Use TI-Nspire to calculate the 'unknown' for a reducing-balance loan with changing conditions.
Prior Knowledge:
TI-NSpire key fields
Key Vocabulary:
Reducing-balance loans
Number of payments
Annual interest rate
Present value of loan
Payment
Future value of loan
Payments per year
Calculations per year
9C- 1, 2, 3, 4, 5, 6, 7, 8, 9