Calculated Industries 3416 Pocket Reference Guide User Manual
Page 16
P
OCKET
R
EFERENCE
G
UIDE
— 12
Quarterly Payment
Find the quarterly payment on a 10-year
loan of $15,000 with an annual interest
rate of 12%:
STEPS
KEYSTROKES
DISPLAY
Clear
o o
0.00
Set to 4 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
648.94
Return to 12 payments
per year
1 2 s ч
12.00
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