Victor PL3000 Instruction Manual page 23

18. LOAN CALCULATION
Note : The « FIN » symbol is displayed when Loan Calculation is ON.
Example : Assume you are interested in purchasing a house for 100,000.
The interest rate is 6.5%. You want to finance the loan over a period of 180 months.
Calculate for payment per month.
Payment Calculation
Calculation
Amount = 100,000
Interest = 6.5%
Period = 180 months
Payment =?
[# / S]
Print
P
Enter
[CE/C] FIN
FIN MTH
[Payment]
(Blink)
FIN MTH
[180] [+ Ok]
FIN MTH
[6.5] [+ Ok]
23
Rounding Decimal Loan
5/4 2 Loan
Display
0.
0. 0. % INT
0. AMT
---------------- PAY
180. 0.
% INT (Blink)
0. AMT
---------------- PAY
180. 6.50 % INT
0. AMT (Blink)
---------------- PAY
GT
.
Paper
0. C
180.M
6.50 %
100,000.00Δ
∗
871.11 C