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198 14: Additional Examples
File name : 17BII-Plus-Manual-E-PRINT-030709 Print data : 2003/7/11
2. Store 0
W
, 6
T
, and 200
V
.
3. Add 200 to the annual interest rate, make the number negative, and
store it in
X
.
4. Press U
to calculate the Canadian mortgage factor.
5. Continue the problem by supplying the other mortgage values and
solving for the unknown item. Do not change I%YR from step 4.
Example: Canadian Mortgage. What is the monthly payment required
to fully amortize a 30-year, $30,000 Canadian mortgage if the interest
rate is 12%?
Keys: Display: Description:
"
]
.
@c
e
"
"
#$ 5?@2 H<A 0EAH"
Displays TVM menu; sets
12 payments per year
with End mode.
0
W
50:8(&(("
6
T
<8'&(("
200
V
5O8$((&(("
+
12
=
&
X
"
GO8/$#$&(("
U
;6@28##&-#" Calculates I%YR for
Canadian mortgage
factor.
30
@
T
<8%'(&((" Stores other values.
30000
V
5O8%(K(((&(("
0
X
GO8(&(("
W
50:8/%(#&,$" Monthly payment.
A Solver Equation for Canadian Mortgages:
71<I
5O8/50:B4F5OLLL#);6@2D$((T\L#D'T/#TB#((I<T"
/GOBF55OLLL#);6@2D$((T\L#D'T/#TB#((I<T"
v