Time Value of Money Calculations
76
If you store, recall, or perform any other calculations during amortization, pressing
4
will
no longer cycle through interest, principal, and balance. To resume amortization with the
same set of periods, press
v\Ê
.
Example: Amortizing a Range of Payments
Calculate the first two years of the annual amortization schedule for a 30 year, 180,000
mortgage, at 7.75% annual interest with monthly payments.
Set to End mode. Press
\¯
if
BEGIN
annunciator is displayed.
If you already know the mortgage payment, you can enter and store it just like you store the
other four values. Next, amortize the first year.
Table 6-18 Calculating the monthly payment
Keys
Display
Description
JG\Í
12.00
Sets payments per year.
D:\Ú
360.00
Stores total number of payments.
j7jVÒ
7.75
Stores interest per year.
Jg::::Ï
180,000.00
Stores present value.
:É
0.00
Stores future value.
Ì
-1,289.54
Calculates the monthly payment.
Table 6-19 Calculating the loan balance after a year
Keys
Display
Description
JÆJG
12_
Enters starting and ending
periods.
\Ê
1– 12
Displays the
PER
and
AMORT
annunciators and range.
4
-1,579.84
Displays the
PRIN
annunciator
and the principal paid in the first
year.
4
-13,894.67
Displays the
INT
annunciator
and the interest paid in the first
year.
4
178,420.16
Displays the
BAL
annunciator
and the loan balance after one
year.
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 ...