HP 39gs Quick Start Guide

Getting Started 41
Getting Started
41
Solution
Highlight the PMT field and press the SOLVE menu key to view the results shown in the figure
to the right. As shown, you will need to make monthly payments of $948.10. Negative
values indicate payments you make, while positive values indicate payments made to you.
Example 1 Solution
Example 2
To continue the example, suppose you expect to sell the house after 10 years, repaying the
balance of the loan with a balloon payment. What will be the amount of the balloon
payment?
Example 2 Setup
Solution
Change the value of N to 120 (10 years with 12 payments per year), keep the PMT value of
-948.10, and highlight the FV field as shown in the figure to the right. Press the SOLVE menu
key. The balloon payment required to pay off the loan after 10 years would be $127,164.19.
Example 2 Solution
Table 1-9 Finance Aplet Summary
Summary of Functionality View Name and Display

HP 39gs Specifications

General

Type	Scientific
Form factor	Pocket
Product color	Gray
Internal memory	0.256 MB

Weight and Dimensions

Weight	249 g
Dimensions (WxDxH)	187 x 94 x 31 mm