Hewlett-Packard 10B Tutorial
Page 13
Enter the data as follows:
CLEAR ALL
23.8
38.6
INPUT
E
+
7.2
24.7
+/-
INPUT
+/-
E
+
6.6
12.3
INPUT
E
+
20.5
8.2
INPUT
E
+
30.6
40.1
INPUT
E
+
0
^
The value -8.92 is y when x = 0, or k
j
when
= 0, which is the vertical
y, m
axis intercept.
The value displayed, 1.60, is the slope coefficient, or the
beta coefficient
.
SWAP
Amortization
The HP can also be used to calculate amortization schedules.
Example:
Determine the interest and principal paid each year and the balance at the end of each year on a three-year
$1,000 amortizing loan which carries an interest rate of 10 percent. The payments are due annually.
First, check payments/year and be sure it’s 1. Now perform the following steps:
CLEAR ALL
3
N
10
I/YR
1000
PV
A payment of -402.11 is displayed.
PMT
This is the amortization schedule corresponding to the loan.
