Calculated Industries 3126 - Manual (Page 16)

Finding a Monthly Loan Payment
Find the monthly payment on a $95,500,
25 year loan at 7.75% annual interest.
Steps/Keystroke Display
1. Clear calculator:
[On/C] [On/C] 0.00
2. Enter loan amount:
95,500 [L/A] 95,500.00
3. Enter term, interest and find the monthly
payment:
25 [Term]
25.00
7.75 [Int] CdA 7.75
[Pmt] “run” 713.69
Finding a Term of a Loan
How long does it take to pay off a loan
of $15,000 at 10% interest if you make
payments of $181.01 each month?
Steps/Keystroke Display
1. Clear calculator
[On/C] [On/C] 0.00
2. Enter loan amount, interest, monthly
payment, then find term in years:
15,000 [L/A]
15,000.00
10 [Int] CdA 10.00
181.01 [Pmt] 181.01
[Term] “run” 11.57
3. Find periodic term:
[Term] 138.83
16 — Qualifier Plus ® IIcx