HP 17bll+ User Manual page 70

75 ,250
1
The problem is done in two steps:
1. Calculate the monthly payment without the balloon (FV=0).
2. Calculate the balloon payment after 4 years.
Keys:
 
@c

@c
e
Step 1. Calculate PMT for the mortgage.

25 @

13.8
75250 

70 5: Time Value of Money
12; End mode
2
Display:

    Clears history stack and

   




13.8
X
4 12
47
Balloon.
Description:
Display TVM menu.
TVM variables.
If needed: sets 12 payment
periods per year; End
mode.
Figures and stores the
number of monthly
payments in 25 years.
Stores annual interest rate.
Stores amount of the loan.
Calculates monthly
payment.
48