3.Finally enter current values for N (less number of payment periods already passed, or 5 ⋅ 12－42) and PV (proposed purchase price, $79,000); then calculate I%YR for the annual yield.
Step 1: Calculate PMT. Make sure FV = 0.
Keys: | Display: | Description: | |||
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| " | Selects menu; sets 12 | |
" |
| ] |
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| " | payments per year and | ||
. |
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@c | " | End mode. | |||
e#$ 5?@2 H<A 0EAH"
20 @ | T | <8$+(&((" | Figures and stores total | ||
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| number of payments for a |
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| full |
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| monthly payments. |
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9 | U |
| " | Stores interest rate and | |
100000 & | " | amount of original loan. | |||
V5O8/#((K(((&((" (Money paid out is negative.)
0 | X |
| GO8(&((" | Sets FV to zero. | |
| Calculates monthly | ||||
W |
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| payment received. |
Step 2: Enter the new value for N given a balloon in 5 years, then find FV, the amount of the balloon.
Keys: | Display: | Description: | ||
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5 @ | T | <8'(&((" | Stores number of | |
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| payments for 5 years. |
| Calculates balloon due in | |||
X |
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| 5 years. |
192 14: Additional Examples
File name : | Print data : 2003/7/11 |