Amortization - HP 30b - Business Professional Calculator User Manual

Table 3-2 TVM Example
Keys
12:[
360N
6.5Y
1400
00V
0F
M
To reset the TVM variables to their default values, press
repeatedly until TVM displays. Press
cancel. Note: the value for P/YR is not reset; it maintains its current entered value when TVM
Reset is used.

Amortization

Refer to Figure 2 for a menu map of the Amortization menu (Amort). Table 3-3 lists the keys
and variables of the Amortization menu. To open the menu, press
menu calculations are based on values stored in the following TVM registers:
V M [
, and
To enter values for the TVM variables, enter a number followed by the corresponding key.
For an amortization example, see Table 3-4.
Display
I
.
Description
Inputs 12 as the number of payments per year,
or compounding periods per year.
Inputs 360 as the number of payments over 30
years.
Inputs 6.5% as the nominal interest rate
percentage per year.
Inputs the present value of the loan at the time
of the first payment. This value is positive (+); it
is money you receive.
Inputs 0 as the future value of the loan (the
remaining balance).
Returns the monthly payment. This result is
negative (–); it is money you pay out.
:x
. Press
to reset the TVM values, or press
A
< >
or
O
to
. The Amortization
N Y
, ,
Time Value of Money
29