Calculated-industries 3420 User Guide Instrukcja Użytkownika Pobierz pdf (Strona 55)

54 — Q

UALIFIER

LUS

III

Finding the Monthly Loan Payment

(Based on U.S. Interest Rate)

IMPORTANT NOTE:

Your calculator must be in U.S. Mode to com-

plete the following examples. If it isn’t, press s 9. Also, when

returning to Canadian examples, be sure to return to Canadian

Mode by pressing s 9 again.

Find the monthly payment on a 30-year loan of $215,000 at 7.5%

annual U.S. interest.

STEPS KEYSTROKES DISPLAY

Clear calculator o o 0.00

Enter Loan Amount 2 1 5 ) l 215,000.00

Enter Term in years 3 0 T 30.00

Enter annual Interest rate 7 • 5 ˆ 7.50

Find monthly P&I Payment p “run” 1,503.31

EXAMPLES —

U.S. MODE

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Calculated-industries 3420 User Guide Instrukcja Użytkownika Strona 55