Amortization & Remaining Balance
Using the amortization function, you
can find the total interest, principal
and remaining balance for an entire
loan, a range of payments/years, or an
individual payment/year, for fully or
partially amortized loans.
1. When entering a range of payments
using the Colon
[:]
key, all three
possible outputs: Interest, Principal
and Remaining Balance, can be
found without having to re-enter the
range each time.
2. You can find Remaining Balance by
entering a year or range of years,
period or range of periods, then
pressing
[Set] [Amort]
. (i.e., to find
the remaining balance after the 10th
year, press
10 [Set] [Amort]
; to
find the remaining balance after the
10th period, press
10 [Per] [Set]
[Amort]
).
3. Entered ranges are inclusive: That is, a
range of 1 to 5 includes year 1 and 5.
4. Entering a numerical value or per-
forming a math operation on the
keyboard alters the values (includ-
ing the default settings) when calcu-
lating range of payments. Always
specify a range of payments or an
individual payment first.
26 — Qualifier Plus
®
IIcx