HP -225 Owner's Manual page 143

= the periodic interest rate, expressed as a percent.
the total number of payments or compounding periods.
amount of each periodic payment. Payments occur at the end
of each period.
I
N
p
Example: A Mortgage. You've decided that the maximum monthly
mortgage payment you can afford is $630. You can make a $12,000
down payment, and the annual interest rate is 11.5%. If you take out
a 30-year mortgage, what is the maximum purchase price you can
afford?
'1l2l lssglseoi
P=—630
Keys: Display: Description:
@(Disp] {FX} 2 Sets display to two
decimal places.
@(soLve] {B} P2value Selects B, prompts for
P.
630 I ?value Stores P, prompts for I.
11.5 [(#] 12 F ?value Stores I, prompts for F.
0 N?value Stores F, prompts for
N.
8: Additional Examples 135