HP 10BII Owner's Manual page 99
Business calculator
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Also See for 10BII:
- User manual (145 pages) ,
- Owner's manual (145 pages) ,
- Quick start manual (7 pages)
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nominal rate for a
monthly payment
period.
Set to End Mode. Press
if BEGIN annunciator is displayed.
balance after 15 years of
payments with 18%
interest compounded
continuously.
The annual yield of a mortgage bought at a discount or premium can be
calculated given the original mortgage amount (PV), interest rate (I/ YR),
periodic payment (PMT), balloon payment amount (FV), and the price
paid for the mortgage (new PV).
Remember the cash flow sign convention: money paid out is negative;
money received is positive.
8: Additional Examples
99
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