Calculated Industries 3405 - Quarterly Payment

POCKET REFERENCE GUIDE — 19
Quarterly Payment
Find the quarterly payment on a 10-year
loan of $15,000 with an annual interest
rate of 12%:
STEPS KEYSTROKES DISPLAY
Clear o o 0.00
Set to 4 payments
per year 4 s ÷ 4.00
Enter loan 1 5 ) l 15,000.00
Enter term 1 0 T 10.00
Enter interest 1 2 ˆ 12.00
Find quarterly
payment p 648.94
Return to 12 payments
per year 1 2 s ÷ 12.00
3405PRG-E-B 1/9/04 8:45 AM Page 19