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 | | DISPLAY |
| | | |
CLEAR | 00- | | |
| 01- | 43 | 8 |
| | | |
1 | 02- | | 1 |
0 | 03- | 45 | 0 |
1 | 04- | | 1 |
2 | 05- | | 2 |
0 | 06- | | 0 |
0 | 07- | | 0 |
| 08- | | 10 |
| | | |
4 | 09- | 44 | 4 |
2 | 10- | 45 | 2 |
| 11- | | 20 |
| | | |
| 12- | | 30 |
| | | |
| 13- | 43 | 36 |
| | | |
1 | 14- | 45 | 1 |
| 15- | | 20 |
| | | |
4 | 16- | 45 | 4 |
| 17- | | 20 |
| | | |
| 18- | | 30 |
| | | |
4 | 19- | 45 | 4 |
1 | 20- | 45 | 1 |
| 21- | | 20 |
| | | |
