2. Tap .

 

3. Scroll down the table

 

to payment group 10.

 

Note that after 10

 

years, $22,835.53

 

has been paid off the

 

principal and

 

$90,936.47 paid in

 

interest, leaving a balloon payment due of

 

$127,164.47.

Amortization graph

Press Pto see the

 

amortization schedule

 

presented graphically.

 

The balance owing at the

 

end of each payment

 

group is indicated by the

 

height of a bar. The

 

amount by which the

 

principal has been reduced, and interest paid, during a

 

payment group is shown at the bottom of the bottom of the

 

screen. The example at the right shows the first payment

 

group selected. This represents the first group of 12

 

payments (or the state of the loan at the end of the first

 

year). By the end of that year, the principal had been

 

reduced by $1,676.57 and $9,700.63 had been paid in

 

interest.

 

Tap >or <to see the amount by which the principal

 

has been reduced, and interest paid, during other

 

payment groups.

294

Finance app

Page 298
Image 298
HP Prime Graphing NW280AAABA manual Amortization graph