At a Glance...8
Amortization
After calculating a payment using Time Value of Money (TVM), input the periods to amortize
and press \Ê. Press \Ê once for periods 1-12, and once again for payments 13-
24. Press 4 to continually cycle 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.
Amortize the 20
th
payment of the loan.
Amortize the 1
st
through 24
th
loan payments.
Table 1-15 Amortizing the 20th payment of the loan
Keys Display Description
G:Æ
20.00 Enters period to amortize.
\Ê
20 – 20 Displays period to amortize.
4
-7.25 Displays principal.
4
-115.61 Displays interest. (Money
paid out is negative).
4
13,865.83 Displays the balance
amount.
Table 1-16 Amortization example
Keys Display Description
JÆJG
12_ Enters range of periods to
amortize.
\Ê
1 – 12 Displays range of periods
(payments).
4
-77.82 Displays principal.
4
-1,396.50 Displays interest. (Money
paid out is negative).
4
13,922.18 Displays the balance
amount.
\Ê
13 – 24 Displays range of periods.
4
-85.96 Displays principal.