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HP 10bII

HP 10bII
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Amortization
Amortization
is
the
process
of
dividing
a
payment
into
the
amount
that
applics
to
interest
and
the
amount
that
applies
to
principal.
Payments
near
the
beginning
of
a
loan
contribute
more
interest,
and
less
principal,
than
payments
near
the
end
of
a
loan.
TIME
—»
The
key
on
the
HP
10BII
allows
you
to
calculate.
m
The
amount
applied
to
interest
іп
a
range
of
payments.
=
The
amount
applied
to
principal
in
a
range
of
payments.
в
The
ban
balance
after
a
specified
number
of
payments
are
made.
The
function
assumes
you
have
just
calculated
a
payment
or
you
have
stored
the
appropriate
amortization
values
in
I/YR,
PV,
FV,
PMT,
and
P/YR.
5:
Time
Value
of
Money
Calculations
67

Table of Contents

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