P
OCKET
R
EFERENCE
G
UIDE
— 9
Loan Amount Based on Sales Price
and Down Payment
Find both $ down payment and loan
amount if the sales price is $375,500 and
you're planning to put 20% down:
STEPS
KEYSTROKES
DISPLAY
Clear
o o
0.00
Enter price
3 7 5 5 0 0 P
375,500.00
Enter down%
2 0 d
*
20.00
Find down$
d
75,100.00
Find loan
l
300,400.00
*You do not have to label the value as a percent.
Interest Rate
Find the interest rate on a mortgage if the
loan amount is $98,500, term is 30 years
and payment is $1,150 a month:
STEPS
KEYSTROKES
DISPLAY
Clear
o o
0.00
Enter loan
9 8 5 0 0 l
98,500.00
Enter term
3 0 T
30.00
Enter payment
1 1 5 0 p
1,150.00
Find annual
interest
ˆ
13.78
Find periodic
interest
ˆ
1.15
Содержание 3430
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