Determining Payment Amount: Solving For Pmt - Victor V12 Owner's Manual

V I C T O R T E C H N O L O G Y
Note: If the amount owed at the end of the loan period will be zero, this
step can be skipped.
Touch the PV key to calculate the present value.
Example
ENTRIES
.b FIN
360 n.
6 r i.
2398.202 CHS PMT
PV

Determining Payment Amount: Solving for PMT

Touch b CLEAR FIN to reset financial registers
Use n or r
Use i or r 12÷ to enter periodic interest rate
Enter values for PV and FV
Touch r BEG or r END to select payment function
Touch PMT to calculate the amount of the payment
Example
ENTRIES
b FIN
360 n.
0.00
Clears the financial registers.
360.00
Displays 360 months for a 30 year loan.
0.50
Displays the interest rate of 6% per year or 0.5%
per month.
-2,398.20
Displays the monthly payment
------------
The V12 is calculating the value.
400,000.00
Displays the loan amount or present value. Actual
amount may vary slightly due to rounding
12x to enter number of periods or payments
DISPLAY
0.00
Clears the financial registers.
360.00
Displays 360 months for a 30 year loan.
DISPLAY
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