Amortization
After calculating a payment using Time Value of Money (TVM), input the periods to amortize and press \Ê. Press \Êonce for periods
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
KeysDisplayDescription
| G:Æ | 20.00 | Enters period to amortize. |
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\Ê | 20 – 20 | Displays period to amortize. | |
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4 | Displays principal. | ||
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4 | Displays interest. (Money | ||
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| paid out is negative). |
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4 | 13,865.83 | Displays the balance | |
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| amount. |
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Amortize the 1st through 24th loan payments. |
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| Table |
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| Keys | Display | Description |
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| JÆJG | 12_ | Enters range of periods to |
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| amortize. |
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\Ê | 1 – 12 | Displays range of periods | |
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| (payments). |
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4 | Displays principal. | ||
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4 | Displays interest. (Money | ||
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| paid out is negative). |
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4 | 13,922.18 | Displays the balance | |
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| amount. |
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\Ê | 13 – 24 | Displays range of periods. | |
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4 | Displays principal. | ||
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8 At a Glance...