2.Store 0 W, 6 T, and 200 V.
3.Add 200 to the annual interest rate, make the number negative, and store it in X.
4.Press Uto calculate the Canadian mortgage factor.
5.Continue the problem by supplying the other mortgage values and solving for the unknown item. Do not change I%YR from step 4.
Example: Canadian Mortgage. What is the monthly payment required to fully amortize a
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| " | Displays TVM menu; sets | |
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| 12 payments per year | |||
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e#$ 5?@2 H<A 0EAH" with End mode.
0 | W |
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6 |
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200 | V |
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v+12 =& | " | ||||
XGO8/$#$&(("
U |
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| Calculates I%YR for | ||||
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| Canadian mortgage |
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| factor. |
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30 @ | T | <8%'(&((" | Stores other values. | |||||
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30000 | V | 5O8%(K(((&((" |
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0 | X |
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| 50:8/%(#&,$" | Monthly payment. | ||||||
W |
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A Solver Equation for Canadian Mortgages:
71<I 5O8/50:B4F5OLLL#);6@2D$((T\L#D'T/#TB#((I<T"
/GOBF55OLLL#);6@2D$((T\L#D'T/#TB#((I<T"
198 14: Additional Examples
File name : | Print data : 2003/7/11 |