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Enter the data as follows:
CLEAR ALL
INPUT
23.8
+/-
7.2
INPUT
6.6
INPUT
20.5
INPUT
30.6
y, m
0
SWAP
Amortization
The HP can also be used to calculate amortization schedules.
Example:
Determine the interest and principal paid each year and the balance at the end of each year on a three-year
$1,000 amortizing loan which carries an interest rate of 10 percent. The payments are due annually.
First, check payments/year and be sure it's 1. Now perform the following steps:
CLEAR ALL
N
3
I/YR
10
PV
1000
PMT
This is the amortization schedule corresponding to the loan.
E
+
38.6
INPUT
+/-
24.7
E
+
12.3
E
+
8.2
E
+
40.1
^
The value -8.92 is y when x = 0, or k
axis intercept.
The value displayed, 1.60, is the slope coefficient, or the beta coefficient.
A payment of -402.11 is displayed.
E
+
j
Hewlett-Packard 10B Tutorial
when
= 0, which is the vertical
Page 13
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