Amortization - HP 10bII+ User Manual

Amortization

After calculating a payment using Time Value of Money (TVM), input the periods to amortize
\Ê
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
\Ê
4
4
4
st
Amortize the 1
Table 1-16 Amortization example
Keys
JÆJG
\Ê
4
4
4
\Ê
4
8 At a Glance...
\Ê
. 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.