HP 12C Platinum User Manual page 52

52 Section 3: Basic Financial Functions
Keystrokes
(ALG mode)
+:P
}
Alternatively, you could make the fractional payment together with the 327th
payment. (Doing so will result in a somewhat smaller total of all payments, since
you will not have to pay interest during the 328th payment period.) You can
calculate this final, larger, 327th payment (essentially a balloon payment) as
follows:
Keystrokes
(RPN mode)
327n
M
:P
+
Keystrokes
(ALG mode)
327n
M
+:P
}
Instead of having a fractional (or balloon) payment at the end of the loan, you
might wish to make 327 or 328 equal payments. Refer to "Calculating the
Payment Amount" on page 59 for a complete description of this procedure.
Display
Recalls payment amount.
–325.00
Final, fractional payment.
–143.11
Display
Stores number of full payments.
327.00
Calculates FV — which is the
–141.87
balance remaining after 327 full
payments.
Recalls payment amount.
–325.00
Final, balloon payment.
–466.87
Display
Stores number of full payments.
327.00
Calculates FV — which is the
–141.87
balance remaining after 327 full
payments.
Recalls payment amount.
–325.00
Final, balloon payment.
–466.87