Genie LP21 Manual Del Usuario página 41

22. FINANCIAL CALCULATION
NOTE: The "FIN" symbol is displayed when Financial Calculation is ON.
Example: Assume you are interested in purchasing a car for $100,000. The interest rate is
6.5%. You want to finance the loan over a period of 180 months. Calculate for payment per
month.
Calculation
Loan Amount
= 100000
Interest = 6.5 %
Months = 180
Payment = ?
Let say payment is too high. Change the payment amount to $600 and calculate the period of
months.
Calculation
Payment changed
to 600
Months = ?
If I were able to afford $1,000 per month, paying 6.5% interest annually over 180 months
period, how much can borrow?
Calculation
Payment changed
to 1000
Months changed
to 180
NOTE: When F-Cal Switch is ON, Memory is no function.
Enter
[C/CE]
100000 [AMOUNT]
6.5 [INTEREST]
180 [MONTH]
[PAYMENT]
Enter
600 [PAYMENT]
[MONTH]
Enter
1000 [PAYMENT]
180 [MONTH]
[AMOUNT]
Print Rounding
P 5/4
Display
0.
100'000.00
6.50
180.
871.11
Display
600.00
432.
Display
1'000.00
180.
114'796.41
41
Decimal F-Cal
2 F-Cal
Paper
0. C
100,000.00 ∆
6.50 %
180. M
871.11 ∗C
Paper
600.00 C
432. ∗M
Paper
1,000.00 C
180. M
114,796.41 ∗∆
GT
.