Table of Contents
Advertisement
Creating Amortization Tables
The Calculatoritselfhas no built-in storage place to receive an amortization table.
Because amortization is an iterative process, you will probably find it most useful
either to print the table asitis created or to store the resultsin a 1-2-3 spreadsheet.
To print out the amortization table for a fixed-term, fixed-rate, fixed payment loan:
To
Enter the values in the main TVM screen and solve as usual.
. Press (F2) (RIM=IMA) to move to the amortization menu.
Make sure your printer is properly connected (see pages 90-91) and then press
(MENU), (P)rint, Dlata. You should see |@i84RMl in the upper-right hand corner of
the display.
Type the number payments you want to amortize as a group, and press (F2) (EX).
If you don't type a number, pressing (F2) (fl) will use the number of payments
in a year as a default. The amortization for the first group will be printed.
Type in the number ofgroups remaining to be amortized and press (<&}-{F2). For
example, ifthe loan period is 15 years and you are using groups of 12 payments
(i.e. you're amortizing each year as a group), then after printing thefirst group
in step 4 above, you only have 14 groups more. Thus, in this case, you would
type 14 and press ({}F2).
When the printing has finished, press (MENU), (Print, (Data again to turn the
printing off.
send an amortization table to a 1-2-3 spreadsheet:
. Open the 1-2-3 spreadsheet and move the cursor to the upper left-hand cell of
the range where you want to begin receiving the amortization data. Note that
the table will be eight columns wide and with two more rows than the number
of groups in your amortization. Press [), (T)VM.
Enter the values in the TVM screen and solve for the missing variable.
3. Press (F2) (RIERA to move to the amortization menu.
46
Press
(Ems). You will see the current spreadsheet. Confirm that the
cursoris located in the upper left-hand cell ofthe target range and press (ENTER).
You will see FEE in the upper right-hand corner of the display.
Type in the number payments you want to group onto each line in the table, and
press (F2) (HX). Ifyou don't type anumber, pressing(F2) (BX) will use the number
of payments in a year (P/YR) as a default. The amortization for the first group
will be printed.
2. ANALYZING INFORMATION
Advertisement
Table of Contents
