HP HP-35 - Page 22

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Find the monthly payment on a 30 year 1360 paymen t ),
$30,000 loan havtng an annual interest of 6% L005/month).
Monthly Payment =
Principal x Monthly Interest Rate
1 - [1
1( 1 + Monthly Interest Rme)PaymentsJ
30,000 x .005
1 - [1111.oo5)360J
>50
>50
150 >50
>50
150 1 50
>50 >50 >50
30000 30000
150 360
360 >50
150
>50
>50
X
30000. 30000,
.005
150. 1.
1. 360. 360. 1.005 6.0225 .16601 .83395 17986 ]
KEY 30000
0
.005
£I
D 360 D 1.005 III m 1:1 G
RESULT
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