33
AMRT P1=
100
Amortization Calculations
Calculate and create amortization schedules using values
stored in the TVM solver.
Note:
Prior to using amortization, you need to enter values into
TVM variables.
Variables used in amortization
Variable
Description
Default value
AMRT P1
Start of payment (nth time)
1
AMRT P2
End of payment (nth time)
1
BALANCE
Remaining balance after payment
—
Σ
PRINCIPAL
Principal paid
—
Σ
INTEREST
Interest paid over the specifi ed periods
—
• BALANCE,
Σ
PRINCIPAL and
Σ
INTEREST are calculated
automatically, so no default values are set.
• AMRT P1 and AMRT P2 must be between 1 and 9,999.
Basic operations
Refer to page 19 for basic variable operations.
1.
Press
s
to clear the display.
• Make sure the calculator is in NORMAL mode.
• All the TVM solver variables retain their previously entered
values. If you wish to clear all the data, press
.
b
.
2.
Select ordinary annuity or annuity due using
.
"
.
3.
Enter the appropriate numeric values for the variables used
in the TVM solver.
• Confi rm the values of N, I/Y, PV, PMT, FV, P/Y and C/Y.
4.
Press
*
to use amortiza-
tion calculation.
5.
Enter a value for “AMRT P1”
and press
Q
.
6.
Press
i
, enter a value for “AMRT P2” and press
Q
.
7.
Display values for BALANCE,
Σ
PRINCIPAL and
Σ
INTEREST
by pressing
i
once for each. Each value is calculated
automatically.
3 Financial FunctionsCurrent.indd 33
3 Financial FunctionsCurrent.indd 33
06.7.10 8:38:27 PM
06.7.10 8:38:27 PM
