00:01
These kind of problems require a financial application on the ti84 plus, for example.
00:07
All you do, you press the apps button, which you will find on the third, or the fourth row, second column.
00:15
That brings up finance at the top.
00:18
Just choose that one.
00:20
And then what you want is tvm solver, also at the top.
00:25
Press enter.
00:28
And then the menu comes up for these kind of problems.
00:30
The top number on the list there is n.
00:35
That's the number of time periods we're dealing with here.
00:38
Well, it's quarters of a year for four years.
00:42
There are four quarters per year.
00:44
So four years, 16 quarters is the end value.
00:48
Five percent.
00:50
That's the easy one.
00:50
It's eight percent.
00:52
It's given to you.
00:54
Present value is the loan you took out.
00:57
It comes to you.
00:59
So it's a plus number, 45 ,000.
01:01
So if it comes to you is plus, to the bank is minus.
01:07
And the pmt is next that i want to find.
01:10
So right now leave that as zero...