Calculated Industries 3125 User Manual

Page 19

Finding a Quarterly Payment

Find the quarterly payment on a 10
year loan of $15,000 with an annual
interest rate of 12%.

Steps/Keystrokes

Display

1. Clear calculator:

[On/C] [On/C]

0.00

2. Set to 4 payments per year:

4 [Set] [÷] (Pmt/Yr)

4.00

3. Enter loan amount:

15,000 [L/A]

15,000.00

4. Enter term in years

10 [Term]

10.00

5. Enter annual interest:

12 [Int]

12.00

6. Find quarterly payment:

[Pmt] “run”

648.94

7. Reset to 12 payments per year:

12 [Set] [÷]

“run”

12.00

User’s Guide — 19

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