Quick Start Guide

30
BA35ENG.DOC BA-35 Solar Quick Reference Guide
Pat Hatcher Revised: 05/08/00 1:13 PM Printed:
05/08/00 1:13 PM Page 30 of 38
Common Keystroke Sequences
Monthly Payment for a Home Mortgage
Purpose: To find the amount of the monthly
payment on a mortgage with end-of-month
payments (ordinary annuity).
Values You Supply:
§
mortgage
amount
§
annual interest
rate
§
number of
years
in mortgage
Procedure Key
Sequence
Clear calculator and mode
re
g
isters; select two decimal
places.
- -
0 b
0 c
2
Press
2
until
FIN
is
displayed.
2
Press
0 a
until
Begin
is
not
displayed.*
0 a
Enter mortgage amount.
mortgage
K
Calculate interest rate.
rate
0 h
Enter interest rate.
I
Calculate number of payment
periods.
years
0 i
Enter number of payment
periods.
C
Compute monthly payment.
1 M
* If payments occur at the beginning of each
month (annuity due), press
0 a
until
Begin
is displayed.