Additional Examples 153
The payment calculation is a straightforward TVM payment calculation using the new amount
as the
PV
.
Set to End mode. Press
\¯
if
BEGIN
annunciator is displayed.
Then, to calculate the lender’s return, enter cash flows that represent the
complete
picture of
the wrap-around mortgage from the lender’s point of view:
Figure 22 Cash flow diagram (Wrap-around mortgage)
When you group the above cash flows, you’ll find that:
CF
0
= 47,510.22 - 82,510.22 = -35,000
CF
1
= 861.59 - 754.00 = 107.59
Table 13-25 Calculating the payment
Keys
Display
Description
]OJ
0.00
Clears TVM registers.
JG\Í
12.00
Sets payments per year.
gGVJ:7GG
Ï
82,510.22
Stores loan amount on which
your new payment is calculated.
d7VÒ
9.50
Stores interest rate.
:É
0.00
Stores final balance.
JV\Ú
180.00
Stores number of monthly
payments you will make.
Ì
-861.59
Calculates your new payment.
Содержание 10bII+
Страница 1: ...i HP 10bII Financial Calculator User s Guide HP Part Number NW239 90001 Edition 1 May 2010 ...
Страница 3: ...iii HP 10bII Financial Calculator ...
Страница 30: ...At a Glance 22 ...
Страница 144: ...Statistical Calculations 136 ...
Страница 183: ...Warranty Regulatory and Contact Information 9 ...
Страница 184: ...Warranty Regulatory and Contact Information 10 ...