HP Prime Graphing NW280AAABA manual 288

Models: Prime Graphing NW280AAABA

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3.In the I%/YR field, type 5.5—the interest rate—and press E.

4.In PV field, type 19500 w3000 and press E. This is the present value of the loan, being the purchase price less the deposit.

5.Leave P/YR and

C/YR both at 12

(their default values). Leave End as the payment option. Also, leave future value, FV, as 0 (as your goal is to end up with a

future value of the loan of 0).

6.Move the cursor to the PMT field and tap . The PMT value is calculated as –315.17. In other words, your monthly payment will be $315.17.

The PMT value is negative to indicate that it is money owed by you.

Note that the PMT value is greater than 300, that is, greater than the amount you can afford to pay each month. So you ned to re-run the calculations, this time setting the PMT value to –300 and calculating a new PV value.

7.In the PMT field, enter Q300 move the cursor to

the PV field, and tap .

288

Finance app

Page 292
Image 292
HP Prime Graphing NW280AAABA manual 288