Table 3-4 Amortization Example

KeysDisplayDescription

<

 

Displays the amount of interest paid on the loan

 

 

for the first year. The amount of your payments

 

 

applied towards interest for the first year is about

 

 

14,000.00.

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Displays the first payment in the next period to amortize (the second year). Note that the calculator automatically updates Start to the next group of periods to amortize.

To reset the menu items to their default values, with any item of the Amortization menu displayed press :x. With TVM displayed, press I. At the TVM Reset prompt, press Ito reset, or Oto cancel.

32 Time Value of Money

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HP 20b Consultant Financial, 30b Professional manual Amortization Example KeysDisplayDescription
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30b Professional, 20b Consultant Financial specifications

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