HP 32SII Owner's Manual page 290

Variables Used:
N
I
B
P
F
Example:
Part 1. You are financing the purchase of a car with a 3–year (36–montld)
loan at 10.5% annual interest compounded monthly. The purchase price of
the car is $7,250. Your down payment is $1,500.
B = 7,250 _ 1,500
Keys:
{
2
(
as needed )
P
10.5 12
17–4 Miscellaneous Programs and Equations
File name 32sii-Manual-E-0424
Printed Date : 2003/4/24
The number of compounding periods.
The periodic interest rate as a percentage. (For example, if
the annual interest rate is 15% and there are 12 payments
per year, the periodic interest rate, i, is 15 ÷ 12=1.25%.)
The initial balance of loan or savings account.
The periodic payment.
The future value of a savings account or balance of a loan.
I = 10.5% per year
N = 36 months
P = ?
Display:
}
value
value
Size : 17 .7 x 25.2 cm
Description:
Selects FIX 2 display format.
Displays the leftmost part of the
TVM equation.
Selects P; prompts for I.
Converts your annual interest rate
input to the equivalent monthly
rate.
Stores 0.88 in I; prompts for N.
F = 0