HP 10B Tutorial page 14

Hewlett-Packard 10B Tutorial
Page 14
1 1,000.00
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With the data still entered in the TVM menu, do the following:
INPUT
1
AMORT
=
=
=
AMORT
=
=
=
AMORT
=
=
=
See the manual for an explanation of how to do monthly amortization.
Beg. Bal. Payment
402.11
697.89 402.11
365.57 402.11
"PEr 1-1" is displayed.
Hold down to see Int, then release and -100.00 is displayed, which is the interest
payment during the first year. Write it into a table as 100.00
Hold down to see Prin; release to see -302.11. This is the repayment of principal
in the first year. Write it in the table.
Hold down to see Bal; release to see 697.89, the ending balance at the end of the
first year. Write it down.
"PEr 2-2" is displayed.
-69.79 is the interest paid in Year 2.
-332.32 is the principal paid in Year 2.
365.57 is the ending balance at end of Year 2.
"PEr 3-3" is displayed.
-36.56 is the interest paid in Year 3.
-365.55 is the principal repayment in Year 3.
0.02 is the balance at end of Year 3.
Interest Princ. Repmt.
100.00 302.11
69.79 332.32
36.56 365.55
Ending Bal.
697.89
365.57
.02