Casio FX-9750G plus User Manual page 370

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Amortization of a Loan
The following calculation is performed after conversion from the nominal interest
rate to the effective interest rate, and the result is used for all subsequent
calculations.
i = I%'÷100
AMT
Press 4 ( ) from the initial screen 1 to display the following input screen for
amortization.
PM1 ................ first installment of installments 1 through
PM2 ................ second installment of installments 1 through
n
..................... installments
I
% ................... interest rate
PV
.................. principal
PMT
............... payment for each installment
FV
.................. balance following final installment
P Y
/ .................. installments per year
C Y
/ ................. compoundings per year
BAL
• { } ... {balance of principal after installment PM2}
INT PRN
• { }/{ } ... {interest}/{principal} portion of installment PM1
INT PRN
• {Σ }/{Σ
payment of installment PM2
Example Calculate the monthly installment due on a $140,000 15-year
home mortgage at an annual rate of 6.5%, compounded
semiannually.
Also calculate
installment),
installments 24 through 49.
Display the TVM Menu and then press 2(CMPD).
In the set up screen, specify "End" for Payment and then press J.
manuals search engine
} ... {total principal}/{total interest} from installment PM1 to
PRN INT
and
BAL
for installment 49, and Σ
n
n
for the second year (24th
INT, PRN
Σ
for