THIS
WILL CALCULATE: If you have an investment that will pay in equal periodic
installments and you want to determine how much to pay for it to earn
a desired return.
EXAMPLE:
I would like to borrow some money from you today. I can pay you back in
equal monthly installments of $450 for 3 years. How much
will you be willing to loan me if you get a 12% rate of return.
NOTE:
If you know the loan amount and the monthly payment and you are trying
to determine the rate of return, click here.
See
how to calculate this example on a:
HP12C or HP10B
