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Selects the amortization screen.
Calculates the amortization for the first 12
payments (one year): $2,756.73 have been
applied towards the principal.
Group 1
Payments 1 - 12
Payments per Group:
12
Amort interest rate.
IXYR' =
10.58
Amort payment....... PMT'
= -1,858.13
Remaining balance... EAL
= 92,243.27
Interest......... ees
INT
= -9,844.83
Accum.
interest.....
ACCUM = -9,844.83
Principal....cssee.. PRIN
= -2,756.73
ESC
Returns to the TVM screen.
Calculate a new mortgage amount for a given payment:
Given the same mortgage terms as above, how big a loan could you
get if you could pay back $1,200 per month? Remember to enter
money paid out as a negative number.
Keys:
Description:
1200
Enters a $1,200 payment into the same TVM
form. Do not clear the data.
Calculates the appropriate mortgage amount
(present value): $108,558.09.
Number of periods... N
=
188.60
Annual interest.....
IXYR =
18.58
Present value....... PY
= 188,558.09
Payment....cceeeeeee PMT
=
-1,260.00
Future value........ Fv
=
8.00
Payments per year...
P/YR =
12
Begin/End mode..... .
B/E
=
END
4-8
Introducing the Financial Calculator
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