HP HP-32S - Page 229

£=7.250-1.500
n
7=10.5% per year
1=36 months
^=0
n rnn
p-t
Keys: Display: Description:
BIIDISPI JFX}2
Sets the display format
to FIX 2.
|XEQ|P
N?va/ue
Selects routine P,
which calculates the
periodic payment.
36 | R/S|
I lvalue
170.88
Stores 36 in N.
10.5 1ENTER1 12 1+ 1
Converts the annual
interest rate to a
monthly rate.
|R/S| B?value
B?5,750.00
Stores the monthly in
terest rate in I.
72501 ENTER I 15001-1
Calculates the begin
ning loan balance.
|R/S|
F?va/ue
Sets B equal to the be
ginning balance.
01R/S1
P=-186.89
Stores zero in F, the fu-
ture or ending balance,
and calculates the pay
ment of the loan.
The answer is negative since the loan has been viewed from the
borrower's perspective. Money received by the borrower (the begin
ning balance) is positive, while money paid out is negative.
14: Miscellaneous Programs 227