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Amortization - HP 10bII+ User Manual

Financial calculator.
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Amortization

After calculating a payment using Time Value of Money (TVM), input the periods to amortize
and press
4
24. Press
to continually cycle through the principal, interest, and balance values (indicated
by the PRIN, INT, and BAL annunciators respectively). Using the previous TVM example,
amortize a single payment and then a range of payments.
th
Amortize the 20
Table 1-15 Amortizing the 20th payment of the loan
Keys
G:Æ
4
4
4
st
Amortize the 1
Table 1-16 Amortization example
Keys
JÆJG
4
4
4
4
8
At a Glance...
. Press
once for periods 1- 1 2, and once again for payments 13-
payment of the loan.
th
through 24
loan payments.
Display
Description
20.00
Enters period to amortize.
20 – 20
Displays period to amortize.
-7.25
Displays principal.
- 1 15.61
Displays interest. (Money
paid out is negative).
13,865.83
Displays the balance
amount.
Display
Description
12_
Enters range of periods to
amortize.
1 – 12
Displays range of periods
(payments).
-77.82
Displays principal.
- 1 ,396.50
Displays interest. (Money
paid out is negative).
13,922.18
Displays the balance
amount.
13 – 24
Displays range of periods.
-85.96
Displays principal.

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