00:01
Okay, these kind of questions involving finance require an application on the ti -84 plus, for example.
00:09
What you do is you press the apps button, that's the fourth row down in column two.
00:16
At the top, you will see finance, number one, just press enter.
00:21
And the first one you see is the one you want.
00:24
It's called tvm solver.
00:27
This deals with loans, annuities, interest, and so on.
00:32
So press enter, and the input's the same on this calculator and others as well.
00:39
The first one you put in, n, at the top, here is number of months for the loan.
00:48
And we are told here it's for three years, so three times 12, 36 months.
00:55
Next number to go in is i % that's straightforward, simply this number here, 6 .4, that never changes.
01:05
Present value is the amount you borrow to buy the car.
01:11
The money comes to you, so it's a plus number.
01:14
So just write down 22082.
01:20
Then you have payment, which i want to find.
01:23
So you can't leave it blank, so for now i put zero.
01:29
Fv is future value...