Table of Contents
Advertisement
Part 2. What interest rate would reduce the monthly payment by $10 ?
Keys:
(In RPN mode)
º d
Û
I
¹ f
Ù
10
¥
¥
¥
¥
¸
12
Part 3. Using the calculated interest rate (6.75%), assume that you sell the car
after 2 years. What balance will you still owe ? In other words, what is the future
balance in 2 years ?
Note that the interest rate, I, from part 2 is not zero, so you won't get a
error when you calculate the new I.
Keys:
(In RPN mode)
º d
Û
F
File name 33s-E-Manual-1008-Publication(1st).doc
Printed Date : 2003/10/8
Display:
Displays the leftmost hart of the
TVM equation.
Selects I; prompts for P.
Rounds the payment to two
decimal places.
Calculates new payment.
Stores –176,89 in P; prompts for
N.
Retains 36 in N; prompts for F.
Retains 0 in F; prompts for B.
Retains 5750 in B; calculates
monthly interest rate.
Calculates annual interest rate.
Display:
Displays leftmost part of the TVM
Miscellaneous Programs and Equations
Page : 386
Size : 13.7 x 21.2 cm
Description:
Description:
equation.
Selects F; prompts for P.
17–5
Advertisement
Table of Contents
