Finding a Monthly Loan Payment
Find the monthly payment on a $95,500,
30 year loan at 7.75% annual interest.
Steps/Keystroke
Display
1. Clear calculator:
[On/C] [On/C]
0.00
2. Enter loan amount:
95,500 [L/A]
95,500.00
3. Enter term, interest and find the monthly
payment:
30 [Term]
30.00
7.75 [Int]
7.75
[Pmt]
“run”
684.17
Finding a Term of a Loan
How long does it take to pay off a loan
of $15,000 at 10% interest if you make
payments of $181.01 each month?
Steps/Keystroke
Display
1. Clear calculator
[On/C] [On/C]
0.00
2. Enter loan amount, interest, monthly
payment, then find term in years:
15,000 [L/A]
15,000.00
10 [Int]
10.00
181.01 [Pmt]
181.01
[Term]
“run”
11.78
3. Find periodic term:
[Term]
141.35
16 — Real Estate Master
®
IIx/Qualifier Plus
®
IIx
