Calculator Solution

Savings Example 3

Periodic Payment, M

200000 .0125 1.0125 12 1

Interest, I

200000 15551.66 12

Note: These solutions are shown for a TI-83 Plus calculator. On some other calculators (including the Windows scientific calculator), you'll need the following keystrokes:

200000.01251.0125121

20000015551.6612