HP 35s Scientific Calculator User Manual

Page 276

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17-6

Miscellaneous Programs and Equations

Part 2. What interest rate would reduce the monthly payment by $10?

Part 3. Using the calculated interest rate (6.75%), assume that you sell the car
after 2 years. What balance will you still owe? In other words, what is the future
balance in 2 years?

Note that the interest rate, I, from part 2 is not zero, so you won't get a 
  error when you calculate the new I.

Keys:

(In RPN mode)

Display:

Description:



Displays the leftmost hart of the TVM
equation.

I




Selects I; prompts for P.




Rounds the payment to two decimal
places.






Calculates new payment.




Stores –176.89 in P; prompts for N.




Retains 36 in N; prompts for F.




Retains 0 in F; prompts for B.






Retains 5750 in B; calculates
monthly interest rate.





Calculates annual interest rate.

Keys:

(In RPN mode)

Display:

Description:



Displays leftmost part of the TVM
equation.

F




Selects F; prompts for P.




Retains P; prompts for I.

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