P
ocket
R
efeRence
G
uide
— 9
Decimal Place Selection
Press sand the number of decimal places
desired, up to six (e.g.,
s 1
,
s 2
, etc.).
Pressing
s 7
will set the calculator to
floating decimal point mode.
Note:
When you turn the calculator off
(
s O
), the number of decimal places is
restored to two places.
Clear All
To clear/reset calculator to its default val-
ues, press
s
and
*
(Clear All).
CAUTION: Use this only when you wish to
return the calculator to its default values.
LOAN EXAMPLES
Monthly Payment
Find the monthly payment on a 30-year
loan of $220,000 at 7.5% annual interest
rate.
KEYSTROKE
DiSPLAY
O O
0.00
2 2 0 0 0 0 L
220,000.00
7 . 5 I
7.50
3 0 T
30.00
P
1,538.27
Term
How long does it take to pay off a loan of
$275,000 at 6.5% interest if you make
payments of $1,700 each month?
KEYSTROKE
DiSPLAY
O O
0.00
2 7 5 0 0 0 L
275,000.00
6 . 5 I
6.50
1 7 0 0 P
1,700.00
T
32.23
How long does it take to pay off a loan of
$275,000 at 6.5% interest if you make
payments of $1,700 each month?
KEYSTROKE
DiSPLAY
T
386.76
interest Rate
Find the interest rate on a mortgage where
the loan amount is $155,000, term is 30
years and the monthly payment is $1,100.
KEYSTROKE
DiSPLAY
O O
0.00
1 5 5 0 0 0 L
155,000.00
3 0 T
30.00
1 1 0 0 P
1,100.00
I
7.65
(cont'd)
PRG3400E-D.indd 8
1/17/2011 9:41:24 AM
www.calcert.com
sales@calcert.com
1.800.544.2843
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