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How to find the balance left on a loan on a TI-84 Plus CE, TI-84 Plus or TI-83 Plus

By E-Code · updated

With the loan in the TVM Solver, press APPS, ENTER for Finance and 9 for bal(, type the number of payments made, close the bracket and press ENTER. bal(12) on a 20,000 loan at 6% over 60 months is 16463.94.

Before you start

Put the loan in the TVM Solver first: N = 60, I% = 6, PV = 20000, P/Y = 12, then solve PMT (cursor on PMT, ALPHA ENTER).

APPS ENTER ENTER 6 0 ENTER 6 ENTER 2 0 0 0 0 ENTER ▼ ▼ 1 2 ENTER ▲ ▲ ▲ ALPHA ENTER 2nd MODE

Step by step

  1. Open APPS. APPS Press APPS. The car loan is already in the TVM Solver: 60 payments at 6% on 20,000 dollars.
  2. Open Finance. ENTER Press ENTER for Finance. Item 9 is bal(, the balance still owed.
  3. Pick bal(. 9 Press 9 for bal(.
  4. After 12 payments. 1 2 ) Type 12 ): the balance after one year of payments.
  5. Work it out. ENTER Press ENTER.
  6. What you still owe. 16463.94: after 12 payments of 386.66 dollars you still owe 16,463.94 dollars. Only about 3,536 dollars of the 4,640 dollars paid went to the loan; the rest was interest.

What the screen shows

16463.94: after 12 payments of 386.66 dollars you still owe 16,463.94 dollars. Only about 3,536 dollars of the 4,640 dollars paid went to the loan; the rest was interest.

Look for 16463.93 on the screen.

Try it with the keys lit up

This guide is one of E-Code's Learn lessons. Open it on E-Code's TI-84 calculator and each key lights up in turn as you press it.

Try “Find the balance left on a loan” on the TI-84 calculator

Related

Finance programs for the TI-84 Plus CE:

All TI-84 finance guides · All TI-84 guides · All calculator guides