Amortization - HP 10bII+ Quick Start Manual

Amortization

After calculating a payment using Time Value of Money (TVM), input the periods
to amortize and press
and once again for payments 13–24, and so on. Press
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- 1 5 Amortizing the 20th payment of the loan
Keys
G:Æ
\Ê
4
4
4
\Ê
. Press
payment of the loan.
\Ê
once for periods 1–12,
4
Display
20.00
20 – 20
-7.25
- 1 15.61
13,865.83
Getting Started
to continually cycle
Description
Enters period to
amortize.
Displays period to
amortize.
Displays principal.
Displays interest.
(Money paid out is
negative).
Displays the balance
amount.
13