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Remaining Balance for a Home Mortgage
Purpose: To find the remaining balance—after
a selected payment number—of a mortgage
with end-of-month payments (ordinary annuity).
Values You Supply:
§ mortgage amount
§ annual interest rate
§ number of years in mortgage
§ amount of payment
§ payment number
Procedure
Clear calculator and mode
registers; select two decimal
places.
Press 2 until FIN is
displayed.
Press 0 a until Begin is
not displayed.*
Enter mortgage amount.
Calculate interest rate.
Enter interest rate.
Calculate number of payment
periods.
Enter number of payment
periods.
Enter payment amount.
Enter payment number and
calculate balance.*
*
If payments occur at the beginning of each
month (annuity due), press 0 a until
Begin is displayed.
31
Key
Sequence
- -
0 b
0 c 2
2
0 a
mortgage K
rate 0 h
I
years 0 i
C
payment M
number W
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