HP 10bII+ Financial manual GVÆ, VYÆ

Table 6-21 Calculating the monthly payment

KeysDisplay Description

		Ì		-310.42	Calculates the monthly payment.
Amortize the 1st, 25th, and 54th payments
	Table 6-22 Calculating the amount
	Keys		Display	Description
	JÆ		1.00	Enters first payment.
\Ê			1 – 1	Displays PER and the amortized payment
				period.
4			-310.42	Displays PRIN and the first principal
				payment.
4			0.00	Displays INT and the interest.
4			13,939.58	Displays BAL and the loan balance after
				one payment.
	GVÆ		25.00	Enters payment to amortize.
\Ê			25 – 25	Displays PER and the amortized payment
				period.
	4		-220.21	Displays PRIN and the principal paid on
				the 25th payment.
	4		-90.21	Displays INT and the interest paid on the
				25th payment.
4			9,193.28	Displays BAL and the balance after the
				25th payment.
	VYÆ		54.00	Enters payment to amortize.
\Ê			54 – 54	Displays PER and the amortized payment
				period.
	4		-290.37	Displays PRIN and the principal paid on
				the 54th payment.
	4		-20.05	Displays INT and the interest paid on the
				54th payment.
	4		1,801.57	Displays BAL and the balance after the
				54th payment.

78 Time Value of Money Calculations