Product number (P/N): C6203,
Keywords/Tags: C6203
Date of intro: ~1974, Dimensions: 330x254x127mm,
Classification: / Desktop / Financial+Business,
Featuring: Memories: 5,
Related with: BURROUGHS_docu: 1074903 (Instr.) C6203,
Info: Pre-Programmed Calculator designed for Financial In-situations
The C6203, is designed especially for commercial banks, savings and loan association, other financial institutions and financial management of large commercial organizations.
The C6203's versatile stored programs provide simple and rapid solutions to the complex computations which are part of the everyday work of departments handling
installation loans, commercial loans, mortgages and savings accounts.
The calculator's simplicity of data entry and rapid calculation eliminate the need for charts, rate books, tables and formulas.
For example, computation of monthly Aliments of a conventional mortgage loan is pertained by entering the principal amount, the annual interest rate,
and the number of years of the loan.
The automatic result shows the monthly payment, including principal and interest. Monthly Payments on installment loans including credit life insurance and accident/health insurance can
be computed quickly and can include ‘odd days’ interest, frequently lost by an institution because of the number of references that must be made to rate books and charts.
Single or multiple payment commercial loans and amortization schedules can also be computed quickly and easily with the C 6203.
The calculator makes it easy for a savings department to determine how much a customer needs to deposit on a periodic basis to achieve a specific savings goal.
General financial applications include such routines as equity calculation on a mortgage loan, equivalent interest rate on discounted notes,
calculation of investment required to yield fixed periodic withdrawal, calculation of periodic with withdrawal from a known investment, and others.

The C6203 eleven application programs, which are key are simply by depressing program selection (ROM)
Read-only memory contains all the program instructions required to permit fast, simple solutions of the complex problems encountered by financial management and financial institutions.
In addition, the calculator can be used for many general-purpose applications and as a standard four-function calculator with square root capability.
The calculator has five storage memories used principally for storing of proof totals and/or accumulations, or both, resulting from executed programs.
The ‘execute’-key of the C 6203 is an important feature which contributes to simplicity of operations. After data is entered on the keyboard, depression of this key
triggers completion of the selected program steps. The calculator's output tape provides printed results, and also provides a complete audit trail of data entry and computations.
The includes special internal diagnostic checkpoints and removable components, permitting fast, easy, maintenance in customer's offices.