HP 35s Scientific Calculator User Manual
Page 274
17-4
Miscellaneous Programs and Equations
Variables Used:
Example:
Part 1. You are financing the purchase of a car with a 3–year (36–month) loan at
10.5% annual interest compounded monthly. The purchase price of the car is
$7,250. Your down payment is $1,500.
N
The number of compounding periods.
I
The periodic interest rate as a percentage. (For example, if the
annual interest rate is 15% and there are 12 payments per year,
the periodic interest rate, i, is 15
÷12=1.25%.)
B
The initial balance of loan or savings account.
P
The periodic payment.
F
The future value of a savings account or balance of a loan.
Keys:
(In RPN mode)
Display:
Description:
8
()
Selects FIX 2 display format.
(
Ø
as needed )
Displays the leftmost part of the
TVM equation.
P
value
Selects P; prompts for I.
Converts your annual interest
rate input to the equivalent
monthly rate.
value
Stores 0.88 in I; prompts for N.
value
Stores 36 in N; prompts for F.
B = 7,250 _ 1,500
I = 10.5% per year
N = 36 months
F = 0
P =
?