HP 10bII hp 10bii_user's guide_English_E_HDPMF102E11.pdf - Page 101
Annual Percentage Rate for a Loan With Fees - percentages
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UPC - 808736931229
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Step 3. Keys: Display: 18.00 -79,000.00 20.72 Description: Annual Percentage Rate for a Loan With Fees Example: APR for a Loan With Fees. Keys: BEGIN Display: 12.00 8.50 360.00 160,000.00 Description: 8: Additional Examples 101
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8: Additional Examples
101
Step 3.
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1
±DQG±
39
ƱWKHQ±ILQG±WKH±QHZ±
,³<5
±IRU±WKH±GLVFRXQWHG±PRUWJDJH±ZLWK±EDOORRQ³
Annual Percentage Rate for a Loan With Fees
7KH±DQQXDO±SHUFHQWDJH±UDWH²±
$35
²±LQFRUSRUDWHV±IHHV±XVXDOO\±FKDUJHG±ZKHQ±
D±PRUWJDJH±LV±LVVXHG²±ZKLFK±HIIHFWLYHO\±UDLVHV±WKH±LQWHUHVW±UDWH³±7KH±DFWXDO±
DPRXQW±UHFHLYHG±E\±WKH±ERUURZHU±µWKH±
39
¹±LV±UHGXFHG²±ZKLOH±WKH±SHULRGLF±
SD\PHQWV±UHPDLQ±WKH±VDPH³±7KH±
$35
±FDQ±EH±FDOFXODWHG±JLYHQ±WKH±WHUP±RI±
WKH±PRUWJDJH±µ
1
±SHULRGV¹²±WKH±DQQXDO±LQWHUHVW±UDWH±µ
,³35
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DPRXQW±µQHZ±
39
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5HPHPEHU±WKH±FDVK±IORZ±VLJQ±FRQYHQWLRQ´±PRQH\±SDLG±RXW±LV±QHJDWLYHƱ
PRQH\±UHFHLYHG±LV±SRVLWLYH³
Example: APR for a Loan With Fees.
$±ERUURZHU±LV±FKDUJHG±WZR±
SRLQWV±IRU±WKH±LVVXDQFH±RI±D±PRUWJDJH³±µ2QH±SRLQW±LV±HTXDO±WR±¶½±RI±WKH±
PRUWJDJH±DPRXQW³¹±,I±WKH±PRUWJDJH±DPRXQW±LV±»¶Â¸²¸¸¸±IRU±Á¸±\HDUV±DQG±
WKH±DQQXDO±LQWHUHVW±UDWH±LV±Å³Ã½±ZLWK±PRQWKO\±SD\PHQWV²±ZKDW±$35±LV±WKH±
ERUURZHU±SD\LQJ"
6HW±WR±(QG±0RGH³±3UHVV±
±LI±
BEGIN
±DQQXQFLDWRU±LV±GLVSOD\HG³
Keys:
Display:
Description:
18.00
6WRUHV±UHPDLQLQJ±
QXPEHU±RI±SD\PHQWV³
–79,000.00
6WRUHV±SULFH±RI±
PRUWJDJH³
20.72
&DOFXODWHV±WKH±UHWXUQ±
RQ±WKLV±GLVFRXQWHG±
PRUWJDJH³
Keys:
Display:
Description:
12.00
6HWV±SD\PHQWV±SHU±\HDU³
8.50
6WRUHV±LQWHUHVW±UDWH³
360.00
6WRUHV±OHQJWK±RI±
PRUWJDJH³
160,000.00
6WRUHV±RULJLQDO±DPRXQW±
RI±PRUWJDJH³