Victor PL3000 instruction manual Payment Calculation, Loan Calculation

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18. LOAN CALCULATION

Note : The « FIN » symbol is displayed when Loan Calculation is ON.

Print	Rounding	Decimal	Loan	GT
P	5/4	2	Loan	.

Example : Assume you are interested in purchasing a house for 100,000.

The interest rate is 6.5%. You want to finance the loan over a period of 180 months. Calculate for payment per month.

Payment Calculation

Calculation	Enter		Display
Amount = 100,000	[CE/C]	FIN
Interest = 6.5%				0.
Period = 180 months
Payment =?	[Payment]	FIN MTH	0.	0. % INT
		(Blink)		0. AMT
			---------------- PAY
	[180] [+ Ok]	FIN MTH	180.	0. % INT (Blink)
				0. AMT
			---------------- PAY
	[6.5] [+ Ok]	FIN MTH	180.	6.50 % INT
				0. AMT (Blink)

---------------- PAY

23

Paper

0. C

180.M

6.50 %

100,000.00Δ

871.11∗C