Amortization; Amortization Fields - Casio CLASSPAD 330 3.04 User Manual

15-5 Amortization

Amortization lets you calculate the interest and principal portions of a payment or payments.
Amortization Field
The following fields appear on the Amortization calculation page.
Field
PM1
PM2
I %
PV
PMT
P/Y
C/Y
BAL
INT
PRN
sumINT
sumPRN
Financial Application Default Setup for Example
You can use the [Format] tab to change the following setting.
Payment Date: End of period
Important!
• The calculation for Example 1 is performed using a Compound Interest page. The payment
result you obtain here will be used for the Amortization page calculations in Example 2.
15-5-1
Amortization
Number of first installment period in interval under consideration
Number of last installment period in interval under consideration
Annual interest rate (as a percent)
Present value (initial investment)
Amount paid each period
Number of installment periods per year
Number of times interest is compounded per year
Balance of principal after PM2
Interest portion of PM1
Principal portion of PM1
Total interest paid from PM1 to PM2 (inclusive)
Total principal paid from PM1 to PM2 (inclusive)
20060301
De cription