Begin And End Modes; Loan Calculations - HP 10BII User Manual

Financial calculator
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Begin and End Modes

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ILUVW SHULRGLF SD\PHQW RFFXUV DW WKH EHJLQQLQJ RU HQG RI
WKH ILUVW SHULRG ,I WKH ILUVW SD\PHQW RFFXUV DW WKH HQG RI
WKH ILUVW SHULRG VHW \RXU +3 %,, WR (QG PRGH LI LW
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GLVSOD\HG ZKHQ \RXU FDOFXODWRU LV LQ %HJLQ PRGH 1R DQQXQFLDWRU LV
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0RUWJDJHV DQG ORDQV W\SLFDOO\ XVH (QG PRGH /HDVHV DQG VDYLQJV SODQV
W\SLFDOO\ XVH %HJLQ PRGH

Loan Calculations

Example: A Car Loan.
ORDQ DW 
DQQXDO QRPLQDO LQWHUHVW FRPSRXQGHG PRQWKO\ 7KH SULFH
RI WKH FDU LV  <RXU GRZQ SD\PHQW LV 
:KDW DUH \RXU PRQWKO\ SD\PHQWV DW 
Part 1.
\RXU SD\PHQWV VWDUW RQH PRQWK DIWHU WKH SXUFKDVH RU DW WKH HQG RI WKH
ILUVW SHULRG
PV = 4,500 - ,500
6HW WR (QG PRGH 3UHVV
O
<RX DUH ILQDQFLQJ D QHZ FDU ZLWK D WKUHH \HDU
I/YR = 0.5%
N = 3
P/YR = 2
. . .
2
PMT = ?
End Mode
O
LI
BEGIN
 7KH
BEGIN
LQWHUHVW" $VVXPH
2
3 5
DQQXQFLDWRU LV GLVSOD\HG
5: Time Value of Money Calculations 55
DQQXQFLDWRU LV
3 6

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