75 ,250
13.8
4 X 12 
12; End mode
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1 | 2 |
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Balloon.
The problem is done in two steps:
1.Calculate the monthly payment without the balloon (FV=0).
2.Calculate the balloon payment after 4 years.
Keys: | Display: | Description: | |||
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| " | Display TVM menu. | |
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@c | #$ 5?@2 H<A 0EAH" Clears history stack and | ||||
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| TVM variables. |
| If needed: sets 12 payment | ||||
. | @c" | ||||
e#$ 5?@2 H<A 0EAH" periods per year; End mode.
Step 1. Calculate PMT for the mortgage. |
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| Figures and stores the | ||
25 @ |
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| number of monthly |
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| payments in 25 years. |
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13.8 | U | ;6@28#%&*(" | Stores annual interest rate. | |||||
75250 |
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| Stores amount of the loan. | |||||
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| 50:8/*,+&%%" | Calculates monthly | ||||||
W |
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| payment. |
70 5: Time Value of Money
File name : | Print data : 2003/7/11 |