HP HP-11C - Page 193

Section 10: Applications Programs 191
FV?
1 2 3 106 107 108
PV =-—155
Keystrokes Display
[fJCLEAR
Set User mode.
5.75 12(:]J[A] 0.48 % monthly interest rate.
0.00 Annuity due.
9 [ENTER] 12 [x](B] 108.00 # of months.
155 -155.00 Initial deposit.
(E)(R/S] 259.74 FV
Example 2: You receive $30,000 from a bank as a 30 year, 13%
mortgage. What monthly payment must you make to the bank to
fully amortize the mortgage?
PV =30,000
PMT?
1 2 o 3581 3591 3601
(-CASH OUTLAYS)