HP 10bII+ User Manual page 86

Table 6-21 Calculating the monthly payment
Keys
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st
Amortize the 1 , 25
Table 6-22 Calculating the amount
Keys
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78 Time Value of Money Calculations
th th
, and 54 payments
Display
1.00
1 – 1
-310.42
0.00
13,939.58
25.00
25 – 25
-220.21
-90.21
9,193.28
54.00
54 – 54
-290.37
-20.05
1,801.57
Display Description
-310.42 Calculates the monthly payment.
Description
Enters first payment.
Displays PER and the amortized payment
period.
Displays PRIN and the first principal
payment.
Displays INT and the interest.
Displays BAL and the loan balance after
one payment.
Enters payment to amortize.
Displays PER and the amortized payment
period.
Displays PRIN and the principal paid on
th
the 25 payment.
Displays INT and the interest paid on the
th
payment.
25
Displays BAL and the balance after the
th
25 payment.
Enters payment to amortize.
Displays PER and the amortized payment
period.
Displays PRIN and the principal paid on
th
the 54 payment.
Displays INT and the interest paid on the
th
54 payment.
Displays BAL and the balance after the
th
54 payment.