Chapter 17: Activities
325
The graph shows that for the 240th payment (
X=240
), 358.03 of the 800 payment is applied to
principal (
Y=358.03
).
Note:
The sum of the payments (
Y3T=Y1T+Y2T
) is always 800.
8. Press
†
to move the cursor onto the function for interest defined by
X2T
and
Y2T
. Enter
240
.
The graph shows that for the 240th payment (
X=240
), 441.97 of the 800 payment is interest
(
Y=441.97
).
9. Press
y 5 Œ Í
9
to paste
9:bal(
to the home screen. Check the figures from the
graph.
At which monthly payment will the principal allocation surpass the interest allocation?