HP 10bII+ Financial manual Jæjg, Amortization, Amortize the 1 st through 24 th loan payments

Amortization

After calculating a payment using Time Value of Money (TVM), input the periods to amortize and press \Ê. Press \Êonce for periods 1-12, and once again for payments 13-

24. Press 4to continually cycle through the principal, interest, and balance values (indicated

by the PRIN, INT, and BAL annunciators respectively). Using the previous TVM example, amortize a single payment and then a range of payments.

Amortize the 20th payment of the loan.

Table 1-15 Amortizing the 20th payment of the loan

KeysDisplayDescription

	G:Æ	20.00	Enters period to amortize.
\Ê		20 – 20	Displays period to amortize.
4		-7.25	Displays principal.
4		-115.61	Displays interest. (Money
			paid out is negative).
4		13,865.83	Displays the balance
			amount.
Amortize the 1st through 24th loan payments.
	Table 1-16 Amortization example
	Keys	Display	Description
	JÆJG	12_	Enters range of periods to
			amortize.
\Ê		1 – 12	Displays range of periods
			(payments).
4		-77.82	Displays principal.
4		-1,396.50	Displays interest. (Money
			paid out is negative).
4		13,922.18	Displays the balance
			amount.
\Ê		13 – 24	Displays range of periods.
4		-85.96	Displays principal.

8 At a Glance...