Calculated Industries 3420 User Guide - Manual (Page 55)

54 — Q UALIFIER P LUS ® III X
Finding the Monthly Loan Payment
(Based on U.S. Interest Rate)
IMPORTANT NOTE: Your calculator must be in U.S. Mode to com-
plete the following examples. If it isn’t, press
s 9 . Also, when
returning to Canadian examples, be sure to return to Canadian
Mode by pressing
s 9 again.
Find the monthly payment on a 30-year loan of $215,000 at 7.5%
annual U.S. interest.
STEPS KEYSTROKES DISPLAY
Clear calculator o o 0.00
Enter Loan Amount 2 1 5 ) l 215,000.00
Enter Term in years 3 0 T 30.00
Enter annual Interest rate 7 • 5 ˆ 7.50
Find monthly P&I Payment p “run” 1,503.31
EXAMPLES — U.S. MODE
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