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HP 95LX - Page 47

HP 95LX
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6.
Type
in
the
number
of
groups
remaining
tobe
amortized
and
press
(<}{F2).
For
example,
if
the
loan
period
is
15
years
and
you
are
using
groups
of
12
payments
each
(i.e.
you're
amortizing
each
year
as
a
group),
then
after
printing
the
first
group
in
step
4
above,
you
only
have
14
groups
more.
Thus,
in
this
case,
you
would
type
14
and
press
(&}-F2).
When
you've
finished
sending
the
data
to
1-2-3,
press
(Fx)
((EE=m=)
again
to
break
the
connection.
The
HP
95LX’s
amortization
menu
allows
you
to
make
adjustments
to
the
interest
rate
and
the
monthly
payment
in
the
“middle”
of
an
amortization—to
help
with
Adjustable
Rate
Mortgages
and
Graduated
Payment
Mortgages.
Here’s
what
you
do
if
you
want
to
adjust
a
variable
somewhere
along
the
way:
1.
Decide
where
you
will
send
the
output—either
to
1-2-3
or
to
your
printer
(or
neither,
if
you
just
need
one
or
two
values).
Connect
the
printer
or
open
the
target
worksheet
to
an
available
range
of
cells.
Note:
you
cannot
print
and
send
to
1-2-3
at
the
same
time.
.
Press
&),
(TJVM,
and
run
the
initial
scenario
for
the
adjustable
loan
using
the
beginning
interest
rate,
payment,
PV
and
the
total
number
of
payments
for
the
entire
loan.
Press
(F2)
and
then
either
EEm=),
or
(MENU),
(Print,
(Dlata
to
initiate
the
output
connection.
Type
in
the
number
of
payments
to
be
made
under
the
initial
values
of
the
loan—until
either
the
interest
rate
or
payment
changes.
Then
press
(F2)
(Fl).
The
amortization
for
the
first
set
of
payments
will
be
output
to
the
printer
or
to
the
spreadsheet.
Press
(F3)
(REFINERY)
and
then
enter
the
adjusted
values
for
the
next
portion
of
the
loan.
Only
change
those
values
(interest
rate,
payment,
etc.)
that
have
changed.
Press
when
you've
made
the
changes.
Type
in
the
number
of
payments
to
be
made
under
the
newly-adjusted
conditions—until
another
change
is
scheduled
or
until
the
end
of
the
loan—and
press
(F2)
(EX).
Repeat
steps
5
and
6
as
needed
until
the
loan
is
fully
amortized
(or
at
least
up
to
the
agreed
terminal
balloon
payment).
Turn
off
the
output
connection
to
1-2-3
or
to
the
printer.
Press
either
(IEEm=)
or
(MENU),
(Data,
(Print.
Financial
Calculations
47

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