ments authorized
successive
b. To calculate a subsequent schedule with a different number of
payments, key in that number and press
^
.
c. To start over from payment #1 (using the same loan information),
press
@c
and proceed from step 7.
Example: Displaying an Amortization Schedule. To purchase your
new home, you have taken out a 30-year, $65,000 mortgage at 12.5%
annual interest. Your monthly payment is $693.72. Calculate the
amount of the first year’s and second year’s payments that are applied
toward principal and interest.
Then calculate the loan balance after 42 payments (3½ years).
Keys: Display: Description:
"
]
" Displays TVM menu.
12.5
U
;6@28#$&.(" Stores annual interest
rate.
65000
V
5O8'.K(((&((" Stores loan amount.
693.72
&
W
"
50:8/',%&-$"
Stores monthly payment.
.
@c
"
#$ 5?@2 H<A 0EAH"
If needed: sets 12
payment periods per
year; End mode.
\
3H@ P50:FQ 52HFF"
RP5S"
Displays AMRT menu.
12
^
P58#$ 50:FI #/#$" Calculates amortization
schedule for first 12
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