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22. FINANCIAL CALCULATION
NOTE: The “FIN” symbol is displayed when Financial Calculation is ON.
Print Rounding Decimal F-Cal GT
P 5/4 2 F-Cal .
Example: Assume you are interested in purchasing a car 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.
Calculation
Enter
Display
Paper
[C/CE]
0.
Loan Amount
= 100000
100000 [AMOUNT]
100’000.00
Interest = 6.5 %
6.5
[INTEREST]
6.50
Months = 180
180
[MONTH]
180.
Payment = ?
[PAYMENT]
871.11
Let say payment is too high. Change the payment amount to $600 and calculate the period of
months.
Calculation
Enter
Display
Paper
Payment changed
to 600
600
[PAYMENT]
600.00
Months = ?
[MONTH]
432.
If I were able to afford $1,000 per month, paying 6.5% interest annually over 180 months
period, how much can borrow?
Calculation
Enter
Display
Paper
Payment changed
to 1000
1000
[PAYMENT]
1’000.00
Months changed
180
[MONTH]
180.
to 180
[AMOUNT]
114’796.41
NOTE: When F-Cal Switch is ON, Memory is no function.
0. C
100,000.00
∆
6.50 %
180. M
871.11
∗
C
600.00 C
432.
∗
M
1,000.00 C
180. M
114,796.41
∗∆
