Amortization - HP 10BII Owner's Manual
Business calculator
Hide thumbs
Also See for 10BII:
- User manual (145 pages) ,
- Owner's manual (145 pages) ,
- Quick start manual (7 pages)
Table of Contents
Advertisement
Amortization
Amortization is the process of dividing a payment into the
amount that applics to interest and the amount that
applies to principal. Payments near the beginning of a loan
contribute more interest, and less principal, than payments
near the end of a loan.
TIME —»
The
key on the HP 10BII allows you to calculate.
m The amount applied to interest іп a range of payments.
= The amount applied to principal in a range of payments.
в The ban balance after a specified number of payments are made.
The
function assumes you have just calculated a payment or you
have stored the appropriate amortization values in I/YR, PV, FV, PMT,
and P/YR.
5: Time Value of Money Calculations
67
Advertisement
Table of Contents
