Monroe 8125 User Manual page 81

Assume you are interested in purchasing a home for $250,000. The interest rate is 6%. You want to
ENTER DEPRESS
250000
6
180
rate. You want to pay the loan off in 180 months (15 years). Solve for the amount you may borrow
ENTER DEPRESS
2000
6
180
PRINT OPERATIONAL NOTES
250,000.00 T
6.00 % Interest Rate
180.00M Term - Months
2,109.64M# Monthly Payment
PRINT OPERATIONAL NOTES
2,000.00M# Monthly Payment
6.00 % Interest Rate
180.00M Term - Months
237,007.03 T
81