EasyManua.ls Logo

HP HP-18C - Page 70

HP HP-18C
226 pages
To Next Page IconTo Next Page
To Next Page IconTo Next Page
To Previous Page IconTo Previous Page
To Previous Page IconTo Previous Page
Loading...
To
start
the
amortization
schedule
over
from
payment
#1,
press
.1
CLEAR ALL I
and
proceed
starting
at
step
#10.
Amortization
calculations
use
values
of
PV,
PMT,
and
INT
rounded
to
the
number
of decimal places specified
by
the
current
display
setting.
(All 12 digits
of
1%
YR
are
used
.) However,
the
stored
values of PV
and
PMT
do
not
change
.
Example: Amortization schedule for a home mortgage. Part 1.
To
purchase
your
new
home,
you
have
taken
out
a 30-year, $65,000
mortage
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.
Part
2.
Calculate
the
loan
balance
after
3lJ2
years.
Starting
from
the
MAIN
menu:
Keys:
..
-
.1
CLEAR ALL I
12.5 _
65000 "
693.72
~
...
IiIID
.1
CLEAR ALL I
Display:
0,00
I~:YR=12,
50
PV=65.,
000
,
00
PMT=-693,72
12
Pt1TS/YR:
END
t'10DE
68
4:
Time
Value
of
Money
Description:
Displays
the
TVM
menu
.
Clears
the
history stack
and
the
TVM
variables.
Stores
the
annual
interest
rate.
Stores
the
amount
of
the
loan.
Stores
the
monthly
payment.
Displays
the
secondary
TVM
menu.
Sets 12
payments
per
year,
End
mode.
Displays
the
AMRT
menu.

Table of Contents

Related product manuals