Add-On Rate Loan With Credit Life - HP 12c Solutions Handbook

Add-On Rate Loan with Credit Life.

This HP-12C program calculates the monthly payment amount, credit life
amount (an optional insurance which cancels any remaining indebtedness
at the death of the borrower), total finance charge, and annual percentage
rate (APR) for an add-on interest rate (AIR) loan. The monthly payment is
rounded (in normal manner) to the nearest cent. If other rounding
techniques are used, slightly different results may occur.
KEYSTROKES
CLEAR
1
0
1
2
0
0
4
2
1
4
4
1
DISPLAY
00-
01- 43
02-
03- 45
04-
05-
06-
07-
08- 10
09- 44
10- 45
11- 20
12- 30
13- 43 36
14- 45
15- 20
16- 45
17- 20
18- 30
19- 45
20- 45
21- 20
23
8
1
0
1
2
0
0
4
2
1
4
4
1