HP 20b Consultant Financial manual Amortization, 1400 00V

Time Value of Money

Table 4-4TVM Example

Keys Display Description

360 N

6.5 Y

1400

00V

Inputs 360 as the current value for the number of payments over 30 years.

Inputs 6.5 as the current value for the interest rate percentage per year.

Inputs the present value of the loan at the time of the first payment. This value is positive (+); it is money you receive.

0F

M

Inputs the future value of the loan (or remaining balance) as 0.

Returns the monthly payment. This result is negative (-); it is money you pay out.

Amortization

Refer to Figure 4-2 for a menu map of the Amortization menu. Table 4-5 lists the keys and variables of the Amortization menu. To open the menu, press A.

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