Calculated Industries 3126 User Manual
Page 19
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Finding a Quarterly Payment
Find the quarterly payment on a 10
year loan of $15,000 with an annual
interest rate of 12%.
Steps/Keystrokes
Display
1. Clear calculator:
[On/C] [On/C]
0.00
2. Set to 4 payments per year:
4 [Set] [÷] (Pmt/Yr)
4.00
3. Enter loan amount:
15,000 [L/A]
15,000.00
4. Enter term in years
10 [Term]
10.00
5. Enter annual interest:
12 [Int]
CdA 12.00
6. Find quarterly payment:
[Pmt] “run”
644.36
7. Reset to 12 payments per year:
12 [Set] [÷] “run”
12.00
User’s Guide — 19
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