Casio BF-100 - Page 18

1.
Borrowing
money
-
Example
—
How
much
can
be
borrowed
if
you
have
a
$450
per
month
Payback
capability
and
the
annual
interest
rate
is
7.5%
and
the
payback
period
is
15
years?
OPERATION
READ-OUT
“LOAN,
Ga"
end
of
payment
period
(same
for
below)
Press
(i)
and
0)
to
display
’
aay’
(same
for
below)
i
(payment)
450
&)
pa
|
450.
:
(interest
rate}
7O58128
00m
|
0625]
(period)
15B128
0%
|
«180.
{amount
that
can
be
borrowed)
us)
EV)
“LOAN,
ahs
eed
beanie
of
payment
period
(same
for
below)
48543.04208
{amount
that
can
be
borrowed)
"GE"
or
’
EL"
can
be
selected
at
any
time
without
affecting
the
calculation
function.
~32-
2.
Payback
Example
—
What
will
be
the
Monthly
p
at
a
6%
annual
interest
r
“LOAN,
Gy”
(period)
(interest
rate)
(amount
borrowed)
(monthly
Payment)
“LOAN,
Gay”
{monthly
payment)
ayMent
on
a
loan
of
$2,000
borrowed
for
24
Months
ate
with
interest
COMpounded
monthly?
OPERATION
READ-OUT
88.6412205]
88.2002194]
ow) F3
24
6H
2a
am
2000
my
(oa) Ga
~33-
fs eee