Victor PL3000 User Manual
Page 23
23
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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
Paper
Amount = 100,000 [CE/C]
Interest = 6.5%
Period = 180 months
Payment =?
[Payment]
[180] [+ Ok]
[6.5] [+ Ok]
0. C
180.M
6.50 %
100,000.00Δ
871.11
∗
C
FIN MTH
0.
0. % INT
(Blink)
0. AMT
----------------
PAY
FIN MTH
180. 6.50 % INT
0. AMT (Blink)
----------------
PAY
FIN
0.
FIN MTH
180. 0.
% INT (Blink)
0. AMT
----------------
PAY