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?