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TI-83 Plus Applications 440
Getting Started: Financing a Car
Getting Started is a fast-paced introduction. Read the chapter for details.
You have found a car you would like to buy. The car costs 9,000. You can afford
payments of 250 per month for four years. What annual percentage rate (APR) will
make it possible for you to afford the car?
1. Press
z
†
~
~
~
Í
to set the fixed-
decimal mode setting to
2
. The TI-83 Plus will
display all numbers with two decimal places).
2. Press
Œ
Í
to select
1:Finance
from the
APPLICATIONS
menu.
3. Press
Í
to select
1:TVM Solver
from the
CALC VARS menu. The
TVM
Solver
is displayed.
Press
48
Í
to store 48 months to
Ú
. Press
†
9000
Í
to store 9,000 to
PV
. Press
Ì
250
Í
to store
L
250 to
PMT
. (Negation indicates
cash outflow.) Press
0
Í
to store 0 to
FV
.
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