Amortization - Texas Instruments TI-84 Plus Manual Book

Amortization

Amortization Amortization Amortization
If computing (),
bal
Let (0) = (
bal RND PV
Iterate from = 1 to
m
[
RND RND12 – i
⎧
I =
m
⎨
( )
⎩
bal m = bal m 1
then:
(
bal( ) = bal pmt2
ΣPrn( )
= bal pmt2
ΣInt( ) (
= pmt2 pmt1
where: = round the display to the number of decimal
RND
= round to 12 decimal places
RND12
Balance, principal, and interest are dependent on the values of
2.
pmt
Appendix B: Reference Information
=
pmt2 npmt
)
pmt2
( × (
bal m 1
( ) I
– – + RND PMT
m
)
( ) bal pmt1 (
–
) ×
– + 1 RND PMT
places selected
) ) ]
–
( )
)
( ) ΣPrn( )
–
, æ, and
,
PMT PV pmt
1 and
638