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HP HP-18C User Manual

HP HP-18C
226 pages
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These steps are necessary only
if
you
must
change
the
number
of
pe-
riods
per
year
and/or
the
Begin/End
mode.
• , CLEAR ALL I
12
PMTS/lR:
END
MODE
Step
1.
Calculate PMT for
the
mortgage.
25012
II1II
N=300.00
13.8 I11III
I%YR=13,80
75250
..,.
P\}=75,250.00
PMT=-894.33
Displays
the
secondary
menu
.
Sets 12
payments
per
year,
End
mode.
Displays
the
TVM
menu.
Calculates
the
number
of
payments
in
25 years
and
stores
the
value
in
N.
Stores
the
annual
interest
rate.
Stores
the
amount
of
the
loan.
Calculates
the
monthly
payment.
Step
2.
Calculate
the
balloon
payment
after 4 years:
894.33
EZJ
Stores
the
rounded
value
...
PMT=-894.
33
of
PMT.*
4012
II1II
N=48,00
F\"'=-73,
408.81
Calculates
the
number
of
payments
in
4 years
and
stores
the
value
in
N.
Calculates
the
balloon
payment
after four years.
This
amount
plus
the
last
monthly
payment
repays
the
loan.
*
The
PMT
stored in
the
previous step is
the
12-digit
number
-894.330557971.
The
calcula-
tion
of
the
balloon
payment
must
use
the
actual
monthly
payment
amount-in
this
example,
the
rounded
number.
4:
Time
Value
of
Money
65

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HP HP-18C Specifications

General IconGeneral
BrandHP
ModelHP-18C
CategoryPDA
LanguageEnglish

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