HP 17BIIPLUS Owner's Manual page 70

75 ,250
1
The problem is done in two steps:
1. Calculate the monthly payment without the balloon (FV=0).
2. Calculate the balloon payment after 4 years.
Keys: Display:
" ] "
@c #$ 5?@2 H<A 0EAH" Clears history stack and
. @c "
e #$ 5?@2 H<A 0EAH"
Step 1. Calculate PMT for the mortgage.
25 @ T <8%((&(("
13.8 U ;6@28#%&*("
75250 V 5O8-.K$.(&(("
W 50:8/*,+&%%"
70 5: Time Value of Money
13.8
4 X 12
12; End mode
2 47
Description:
Display TVM menu.
TVM variables.
If needed: sets 12 payment
periods per year; End
mode.
Figures and stores the
number of monthly
payments in 25 years.
Stores annual interest rate.
Stores amount of the loan.
Calculates monthly
payment.
48
Balloon.