HP 10bII - Page 102

102 8: Additional Examples
Example: Interest-Only Loan With Fee. $\HDU
DQQXDOLQWHUHVWLQWHUHVWRQO\ORDQKDVDQRULJLQDWLRQIHHRIWKUHHSRLQWV
:KDWLVWKH\LHOGWRWKHOHQGHU"$VVXPHWKDWPRQWKO\SD\PHQWVRI
LQWHUHVWDUHPDGH
6HWWR(QGPRGH3UHVV
*O LIBEGINDQQXQFLDWRULVGLVSOD\HG
/
0.00
7KHORDQZLOOEH
FRPSOHWHO\SDLGRIILQ
\HDUV
2
–1,230.26
&DOFXODWHVSD\PHQW

160,000.00
5HFDOOVORDQDPRXQW

156,800
6XEWUDFWVSRLQWV
.
8.72
&DOFXODWHV$35
FRQVLGHULQJIHHV
Keys: Display: Description:
*b
12.00
6HWVSD\PHQWVSHU\HDU
.
12.00
6WRUHVLQWHUHVWUDWH
*U
120.00
6WRUHVOHQJWKRI
PRUWJDJH

1,000,000.00
6WRUHVRULJLQDODPRXQW
RIPRUWJDJH
(/
–1,000,000.00
(QWHUVDPRXQWGXHDW
HQGRIWHUP3D\PHQWV
DUHLQWHUHVWRQO\VR
HQWLUHORDQDPRXQWLV
GXH
2
–10,000.00
&DOFXODWHVLQWHUHVWRQO\
SD\PHQWV

1,000,000.00
5HFDOOVORDQDPRXQW

970,000.00
6XEWUDFWVSRLQWV
.
12.53
&DOFXODWHV$35
.book Page 102 Wednesday, June 21, 2000 5:19 PM