HP 35s User Manual page 274

Variables Used:
N
I
B
P
F
Example:
Part 1. You are financing the purchase of a car with a 3–year (36–month) loan at
10.5% annual interest compounded monthly. The purchase price of the car is
$7,250. Your down payment is $1,500.
B = 7,250 _ 1,500
Keys:
(In RPN mode)
8
()
as needed ) 
 Ø
(
P

 


17-4
Miscellaneous Programs and Equations
The number of compounding periods.
The periodic interest rate as a percentage. (For example, if the
annual interest rate is 15% and there are 12 payments per year,
the periodic interest rate, i, is 15 12=1.25%.)
The initial balance of loan or savings account.
The periodic payment.
The future value of a savings account or balance of a loan.
I = 10.5% p er year
N = 36 months
P = ?
Display:


value



value

value
Description:
Selects FIX 2 display format.
Displays the leftmost part of the
TVM equation.
Selects P; prompts for I.
Converts your annual interest
rate input to the equivalent
monthly rate.
Stores 0.88 in I; prompts for N.
Stores 36 in N; prompts for F.
F = 0