HP -18C Owner's Manual page 63

Figure 4·4. A Car Loan
PV = 7,250-1,500
I%YR = 10.5
N= 3x12
#PjY=12
1
35
1
36
1
PMT = ?
Part 2. What interest rate would you have to get to reduce your
monthly payment by $10?
Starting from the
MAIN
menu:
Keys:
.....
• 1
CLEAR ALL
I
Display:
0.00
Description:
Displays the
TVM
menu .
Clears the history stack
and the
TVM
variables.
These steps are necessary only if you must change the number of pe-
riods per year and/or the Begin/End mode.
• 1
CLEAR ALL
I
12 PMTS / YR: END
MOD E
Displays the secondary
TVM
menu .
Sets 12 payments per
year; End mode.
Displays the
TVM
menu.
4: Time Value of Money 61