Part 2, Keys, Display: 12.00 – HP 10B User Manual
Page 57: Description
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PV = 7,250-1,500
PMT = ?
End Mode
Scl (o F.nd mode. Prc.s.s |
lIS7iiZBl
Keys:
12
i(EZYR)
3 0 12®
10.5 [¡TYRI
Display:
12.00
36.00
10.50
if BEGIN annuncialor is displayed.
Description:
Sets periods per year.
Stores number of periods
in loan.
Stores annual nominal
interest rate.
Stores amount borrowed.
Stores the amount left to
pay after 3 years.
Calculates the monthly
payment. The negative
sign indicates money paid
out.
Part 2.
At a price of $7,250.00, what interest rate is necessary to lower
your payment by $10.00, to -176.89?
7250 0 1500 (Py]
5,750.00
0
(pg
0.00
-186.89
0 10 (PMT
fiTTRl
-176.89
6.75
Decreases payment from
-186.89.
Calculates annual interest
rate for the reduced
payment.
54
5: Time Value of Money Catculatlona