Figure 9 Cash flow diagram (Calculate PMT)
Set to End mode. Press \¯if BEGIN annunciator is displayed.
Table
KeysDisplay Description
JG\Í | 12.00 | Sets periods per year. |
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| GV\Ú |
| 12 = 300 months). |
| 300.00 | Stores length of mortgage (25 × |
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:É | 0.00 | Stores loan balance after 25 |
| years. | |
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| JjGV::Ï | 172,500.00 | Stores original loan balance. |
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| g7gÒ | 8.80 | Stores annual interest rate. |
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Ì | Calculates the monthly payment. | |
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Step 2
Since the payment is at the end of the month, the past payment and the balloon payment occur at the same time. The final payment is the sum of PMT and FV.
66 Time Value of Money Calculations