Quantitative Literacy and Reasoning: Amortized Loans (in Calculator)

This video gives an overview of amortized loans and the TI-83/4 calculator functions that can be used to determine payment amounts. Note: At 7:33, I say that $404.14 is being taken away from the loan balance, but I slightly misspoke. As discussed in the beginning of the video, only a portion of that payment will go towards paying off the loan balance. The other portion goes toward paying off interest.