Victor V12 - Determining Payment Amount: Solving for PMT

VICTOR TECHNOLOGY
17
Note: If the amount owed at the end of the loan period will be zero, this
step can be skipped.
¾ Touch the PV key to calculate the present value.
Example
ENTRIES DISPLAY
.b FIN
0.00
Clears the financial registers.
360 n.
360.00
Displays 360 months for a 30 year loan.
6 r i.
0.50
Displays the interest rate of 6% per year or 0.5%
per month.
2398.202 CHS PMT
-2,398.20
Displays the monthly payment
PV
------------
The V12 is calculating the value.
400,000.00
Displays the loan amount or present value. Actual
amount may vary slightly due to rounding
Determining Payment Amount: Solving for PMT
¾ Touch b CLEAR FIN to reset financial registers
¾ Use n or r 12x to enter number of periods or payments
¾ Use i or r 12÷ to enter periodic interest rate
¾ Enter values for PV and FV
¾ Touch r BEG or r END to select payment function
¾ Touch PMT to calculate the amount of the payment
Example
ENTRIES DISPLAY
b FIN
0.00
Clears the financial registers.
360 n.
360.00
Displays 360 months for a 30 year loan.