Amortization - HP 20B User Manual

Table 3-2 TVM Example
Keys
M
To reset the TVM variables to their default values, with any TVM variable displayed press
repeatedly until TVM displays. Press

Amortization

Refer to Figure 2 for a menu map of the Amortization menu (Amort). Table 3-3 lists the keys and variables of the Amortization
menu. To open the menu, press
N Y V
, ,
registers:
To enter values for the TVM variables, enter a number followed by the corresponding key.
For an amortization example, see Table 3-4.
Table 3-3 Amortization Menu Items
Menu Item/Key
A
Nb Period
Start
Balance
Principal
Interest
Display
I
to reset the TVM values, or press
A
. The Amortization menu calculations are based on values stored in the following TVM
M [
, .
and
Figure 2 The Menu Map for the Amortization Menu
Description
Opens the Amortization menu .
Number of periods to group together in the amortization calculation. The default value is
the number of payments per year defined by the
Period on which to start amortization. Default is 1 . If you want to amortize for the second
year with 12 payments per year, enter 13 (the second year starts at the 13
with 12 payments per year).
The loan balance at the end of the assigned amortized period.
Amount of the loan payment applied to the principal at the end of the amortized period.
Amount of the loan payment applied to the interest at the end of the amortized period.
Description
Returns the monthly payment. This result is negative (-); it is
money you pay out.
33
Time Value of Money
:x
. Press
O
to cancel.
[
key.
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or
payment
th