Monroe Pro Manual Del Usuario página 17

Basic Financial Functionality
Important Operational Notes:
1. Amounts entered on the PV, TERM, RATE and PMT keys remain constants unless changed, i.e. a new
amount is entered that replaces the stored constant. It is recommended that the sequence (2.) below is used
prior to each calculation, or until you are familiar with the operation.
2. To clear the financial functionality PRESS C/CE then PV.
3. Once a payment has been calculated, pressing the Amortize key will cause an entire amortization schedule
to print. If sufficient information exists as constants, i.e. an amount is stored in PV, TERM, RATE and
PMT and Amortize is inadvertently depressed, the schedule will print. To stop the printing of the
Amortization schedule, PRESS C/CE during printing. The schedule will stop printing when the keyboard
buffer reads the depression of the C/CE key.
4. Solving for the RATE can take several seconds of computational time. During this time CALCULATE
will flash in the display.
Examples:
Solve for Payment.
Assume you are interested in purchasing a home for $250,000. The interest rate is 6%. You want to finance the
loan over a period of 180 months (15 years). Solve for Payment.
Enter
250000
6
180
Solve for Present Value (Amount Borrowed)
Assume you can afford to pay $2,000 per month on mortgage payment. You qualify for a 6% interest rate. You
want to pay the loan off in 180 months (15 years). Solve for the amount you may borrow (Present Value).
Enter
2000
6
180
Solve for Repayment TERM
Assume the loan you need is for $250,000, yet the payment you want is $2,000. You qualify for a 6% rate. How
many months would be required to repay the loan? As shown below, it requires 196 months to repay the loan with a
remaining payment of $1306.31.
Enter
250000
6
2000
Press
PV
RATE
TERM
PMT
Press
PMT
RATE
TERM
PV
Press
PV
RATE
PMT
TERM
Display
250,000
250,000.00
6
6.00
180
180.00
2,109.64
Display
2,000
2,000.00
6
6.00
180
180.00
237,007.03
Display
250,000
250,000.00
6
6.00
2,000
2,000.00
196.00
Print
250,000.00 IV
6.00 %
180.00 M
2,109.64 P
Print
2,000.00 P
6.00 %
180.00 M
237,007.03 IV
Print
250,000.00 IV
6.00 %
2,000.00 P
1306.31 RP
196.00 M