8.Key in the loan amount and press 
0 
to obtain the monthly payment amount when the payment is made at the end of the month.
9.Press 
0 
1 
.
10.Key in the annual interest rate as a percent and press 
to find the monthly payment amount when the payment is made at the beginning of the month.
Example: A bulldozer worth $100,000 is being purchased in September. The first payment is due one month later, and payments will continue over a period of 5 years. Due to the weather, the machinery will not be used during the winter months, and the purchaser does not wish to make payments during January, February, and March (months 4 thru 6). If the current interest rate is 14%, what is the monthly payment necessary to amortize the loan?
Keystrokes Display
CLEAR | 3.00 | Number of payment made before a | |
group of payments is skipped. | |||
|
3 
14 
1 
12 
0 
0
3 
1 
0 
| 0 | 3,119.98 | Monthly payment in arrears. |
|
|
| |
0 | 12 |
|
|
100 |
|
|
|
CLEAR 
5 
100000 
0 
37
