105
Program code
Key operation
Print S
i
0
;
S
e
Example
If you wish to buy furniture costing $3,000 with $500 as a down payment
and pay the remainder in 11 month’s installments with a monthly interest
rate of 1%, how much is the monthly payment?
4.
Press
j
to return to the PROG mode menu.
5.
Press
0
, select the program
‘PAYBYMN’ and press
e
.
6.
Enter 3000 for P, 500 for D, 11 for N and 1 for I.
Result
Your monthly payment is approx. $241.
Chapter 8: Application Examples
PAYBYMN:NORMAL
PRICE
P=?
1
S=
241.1351893
Summary of Contents for EL-5230
Page 1: ...PROGRAMMABLE SCIENTIFIC CALCULATOR OPERATION MANUAL EL 5230 EL 5250 ...
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