HP HP-18C - Page 63

Figure 4·4. A Car Loan
PV = 7,250-1,500
I%YR = 10.5
N=
3x12
#PjY=12
1 35 1 36 1
PMT= ?
Part 2. What interest rate would you have to get to reduce your
monthly
payment by $10?
Starting from the
MAIN menu:
Keys:
.....
• 1 CLEAR ALL I
Display:
0.00
Description:
Displays the TVM menu .
Clears the history stack
and the TVM variables.
These steps are necessary only if you
must change the number of pe-
riods
per year and/or the Begin/End mode.
• 1 CLEAR ALL I
12 PMTS/ YR: END
MOD E
Displays the secondary
TVM menu .
Sets 12
payments per
year; End mode.
Displays
the TVM menu .
4: Time Value of Money 61