22 Getting Started
:]
Verifies payments occur at the end of each
compounding period (optional, as End mode
is the default setting).
12:[
Enters 12 as the number of payments per year
as required by the problem. To change the
number of payments per year, key in the
desired number, then press
I
. Note this
value remains stored until you change it.
360N
Enters the number of monthly compounding
periods (
N
) for a 30-year loan (12 payments
per year for 30 years).
Table 1-4
Keys
Display and Description