Amortization - HP -18C Owner's Manual

Amortization
The
IiIIiI
menu is used to calculate these values for a single loan
payment or a series of loan payments:
• The balance of the loan after the payment(s) are made.
• The amount of the payment(s) applied toward interest.
• The amount of the payment(s) applied toward principal.
To display the AMRT menu, starting from the primary TVM menu:
1. Press
1iIIDa.
2.
Press
1iIIiI .
Figure 4-7. The AMRT (Amortization) Menu
KEY IN IPAYMENTS TO
AMORTIZEl PRESS {IP}
-73,408.1:11
~II:mJIIilmJDi1!IIIIICJ]iIiliII:H
Table 4-2 describes the AMRT menu keys.
Table 4-2. AMRT menu keys.
Menu Key
Description
..
Stores the number of payments to be amortized, and calcu-
lates the amortization schedule. The value entered must be
an integer in the range 1 through 1,200 .
...
Displays the amount of the payments applied toward interest.
..
Displays the amount of the payments applied toward
principal.
..
Displays the balance of the loan.
IIIDI
Calculates the amortization schedule for the next set of pay-
ments, using the stored value of #P.
Di1DI Prints an amortization table. (Refer to page 156 for additional
information.)
66 4: Time Value of Money