Solve for Interest Rate
Assume you wish to borrow $250,000, over a 180 month (15 year) period and you can afford to pay $2,109.64 per
month. What interest rate do you need under this scenario?
Enter Press Display Print
250000 250,000
PV 250,000.00 250,000.00 IV
2109.64 2,109.64
PMT 2,109.64 2,109.64 P
180 180
TERM 180.00 180.00 M
RATE CALCULATE
6.00 6.00 %
Amortization
Calculate a payment and print amortization schedule. $100,000 loan, 6.5% Interest Rate compounded monthly, 15
year (180 months) Term.
Enter Press Display Print
100,000 100,000
PV 100,000.00 100,000 IV
6.5 6.5
RATE 6.50 6.50 %
180 180
TERM 180.00 180.00 M
PMT 871.11 871.11 P
AMORTIZE # 1
(Payment) 871.11 P
(Pmt. Portion to Interest) 541.67 I-
(Pmt. Portion to Principal) 329.44 -P
(Remaining Principal) 99,670.56 RP
(Cummulative Interest) 541.67 I*
……………………
# 2
871.11 P
539.88 I-
331.23 -P
99,339.33 RP
1,081.55 I*
……………………
# 3
871.11 P
538.09 I-
333.02 -P
99,006.31 RP
1,619.64 I*
…………………….
(etc. now pmt 13) (this will continue until Pmt number 180 prints ) # 13
871.11 P
519.60 I-
351.50 -P
95,575.28 RP
6,899.68 I*
In the example above, the Amortize key was pressed when no live entry existed. This will cause the entire
amortization schedule to print.
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