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TI-83 Plus Applications 441
Press
12
Í
to store 12 payments per year
to
P/Y
and 12 compounding periods per year to
C/Y
. Setting
P/Y
to 12 will compute an annual
percentage rate (compounded monthly) for
æ
.
Press
†
Í
to select
PMT:END
, which
indicates that payments are due at the end of
each period.
4. Press
}
}
}
}
}
}
to move the cursor to
the
æ
prompt. Press
ƒ
\
to solve for
æ
. What APR should you look for?
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