TI-84 Finance

| June 12, 2016

How would you solve this problem using a TI-84 Finance App?

You are considering a $200,000 30 year loan with monthly payments of $1330.60 (75 APR with monthly compounding. What is the interest you would pay?

If you cut the payment in half and pay every 2 weeks (26 periods), how much time would you cut off the loan and how much interest would you save?

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