2.Store 0 , 6 , and 200 .
3.Add 200 to the annual interest rate, make the number negative, and store it in .
4.Press to 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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A Solver Equation for Canadian Mortgages:
198 14: Additional Examples
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