Calculated Industries 3423 - Manual (Page 20)

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EFERENCE
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UIDE
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Quarterly Payment
Find the quarterly payment on a ten year,
12%-interest loan of $15,000.
STEPS KEYSTROKES DISPLAY
Clear o o 0.00
Set to four payments
per year 4 s ÷ 4.00
Enter Loan 1 5 ) l 15,000.00
Enter Term 1 0 T 10.00
Enter Interest 1 2 ˆ 12.00
Find quarterly
Payment p 644.36
Reset to 12 payments
per year 1 2 s ÷ 12.00
Mortgage Amount Based on Sales Price
and Percent Down Payment
Find mortgage amount and dollar down
payment if the price is $235,900 and you're
putting 20% down.
STEPS KEYSTROKES DISPLAY
Clear o o 0.00
Enter Price 2 3 5 9 0 0 P
235,900.00
Enter Down% 2 0 d 20.00
Find Down$ d 47,180.00
Find Mortgage l 188,720.00