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Section 6
Application-Specific Tasks 171
Application
Tasks
6
2. Enter 12 and tap the P/Yr button to enter the number of payments
per year.
3. Tap Edit.
4. Tap the Pmt line and erase all values on the line including zero.
5. Tap Solve.
6. Hold Option and press Return to finish.
You can use a similar process to solve other financial equations by
entering four of the variables to find the value of the fifth variable.
Stores the current number as the total number of payments over the life of the
loan.
Stores the current number as the annual percentage rate of interest.
Stores the current number as the number of payments per year.
Stores the current number as the initial loan amount.
Stores the current number as the payment amount.
Stores the current number as the compounded loan amount including
interest.
Opens the Time Value of Money dialog box where you can modify values and
solve the equation.
Stores the remaining balance, interest, and principal (amortization) based on
the supplied values.
Calculates a given percentage of a value. To use this button, enter a value, tap
this button, enter the percent, and then tap the equal sign button.
Calculates the change in a value by a given percentage. To use this button, enter
a value, tap this button, enter the percent, and then tap the equal sign button.
Calculates the percentage of one number relative to another number. To use
this button, enter the first number, tap this button, enter the second number,
and then tap the equal sign button.
Calculates the percentage required to get to one value from another value. To
use this button, enter the result number, tap this button, enter the starting
number, and then tap the equal sign button.