20060301
15-5-1
Amortization
15-5 Amortization
Amortization lets you calculate the interest and principal portions of a payment or payments.
Amortization Field
s
The following fields appear on the Amortization calculation page.
Field
De
s
cription
PM1
Number of first installment period in interval under consideration
PM2
Number of last installment period in interval under consideration
I
%
Annual interest rate (as a percent)
PV
Present value (initial investment)
PMT
Amount paid each period
P/Y
Number of installment periods per year
C/Y
Number of times interest is compounded per year
BAL
Balance of principal after PM2
INT
Interest portion of PM1
PRN
Principal portion of PM1
sumINT
Total interest paid from PM1 to PM2 (inclusive)
sumPRN
Total principal paid from PM1 to PM2 (inclusive)
Financial Application Default Setup for Example
s
You can use the [Format] tab to change the following setting.
Payment Date: End of period
Important!
• The calculation for Example 1 is performed using a Compound Interest page. The payment
result you obtain here will be used for the Amortization page calculations in Example 2.
Summary of Contents for ClassPad 330
Page 11: ...20060301 20090601 ClassPad 330 ClassPad OS Version 3 04 ...
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