Advertisement
3812
ffi
H=BE,BE
10.5
ffi
lzyR=la,
so
7250
a
1500
ffi
PU=S,758,98
o
m
FU=B,gg
ffi
To
calculate the
E10m
ffi
Stores
number of
payments.
Stores
annual
interest
rate.
Stores
the loan
amount.
Sets
W
to
0; not
neces-
sary
if
you
previously
cleared
the
variables.
Pl'{T=-
|
8g
,
89
Calculates
the pay-
ment-money
paid
ottt.
interest rate
that
reduces
the payment
by
$10:
Pl'{T=-
t
76
,
89
Stores
reduced payment
amount.
IU
YR=6
,
75
Calculates
annual inter-
est
rate.
Erample:
A
Home
tortgage.
The maximum monthly
mortgage
Payment
you
can
afford is
$630. You can make
a
$
12,000
down pay-
ment, and annual interest
rates are
currently lL.So/o.If you
take
out
a
30-year
mortgige, what is the maximum
purchase
price you
can
afford?
FV:0
IY"YR:1
1
.5
N-30
x
12
P/YR:12i
End
mode
PV:?
124
6: Time
Value
of toney
Advertisement
