HP 20b Consultant Financial manual 10Y, KeysDisplayDescription

Time Value of Money

Table 4-6. The example below is shown with RPN as the active operating

mode.

Table 4-6Amortization Example

KeysDisplayDescription

12:

[

Inputs current value of payments per year as 12.

30:

^

Inputs 360 (30 times 12 payments per year) as the current value for the number of payments for the 30-year loan.

10Y

Inputs 10 as the current interest rate percentage per year.

1400

00V

Inputs the current present value of the loan at the time of the first payment.

0F

Inputs the current future value of the loan as 0 (zero balance).

M

Returns the result for the monthly payment.

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