HP 20b Consultant Financial manual Time Value of Money 6Amortization Example

Time Value of Money

Table 4-6Amortization Example

KeysDisplayDescription

A

Displays the current period of amortization in months. Default is 12.

<

Displays the number of the starting payment in first period to amortize.

<

Displays the current balance remaining after the first year.

<

<

Displays the current amount of principle applied towards the loan for the first year.

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.

<

Displays the first payment in the next period to amortize (the 2nd year).

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