Calculated Industries Real Estate Master IIx User Manual page 17

Finding the Interest Rate of a Loan
Find the interest rate on a $98,500 mort-
gage with a 30 year term and a monthly
payment of $1,150.
Steps/Keystrokes
1. Clear calculator:
[On/C] [On/C]
2. Enter loan amount, term, monthly pay-
ment and find annual interest and peri-
odic rate:
98,500 [L/A]
30 [Term]
1,150 [Pmt]
[Int]
[Int]
Finding a Loan Amount
How much can you borrow if the cur-
rent interest rate is 9.75% on a 30 year
term and you can pay $950 each month?
Steps/Keystrokes
1. Clear calculator:
[On/C] [On/C]
2. Enter interest, term and monthly pay-
ment. Then find loan amount:
9.75 [Int]
30 [Term]
950 [Pmt]
[L/A]
"run"
"run" 110,573.84
User's Guide — 17
Display
0.00
98,500.00
30.00
1,150.00
13.78
1.15
Display
0.00
9.75
30.00
950.00