Next successive set of payments authorized
b.To calculate a subsequent schedule with a different number of payments, key in that number and press ^.
c.To start over from payment #1 (using the same loan information), press @cand proceed from step 7.
Example: Displaying an Amortization Schedule. To purchase your new home, you have taken out a
Then calculate the loan balance after 42 payments (3½ years).
Keys: | Display: | Description: | |||||||
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| " | Displays TVM menu. | |
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12.5 | U | ;6@28#$&.(" | Stores annual interest | ||||||
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65000 | V | 5O8'.K(((&((" | Stores loan amount. | ||||||
693.72 & |
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| " | Stores monthly payment. |
W
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| " | If needed: sets 12 | |
@c | #$ 5?@2 H<A 0EAH" | payment periods per | |||
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| year; End mode. |
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| 3H@ P50:FQ 52HFF" | Displays AMRT menu. | |
\ |
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| RP5S" |
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12 | ^ |
| P58#$ 50:FI #/#$" | Calculates amortization | |
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| schedule for first 12 |
80 5: Time Value of Money
File name : | Print data : 2003/7/11 |