Amortization
The
IiIIiI
menu
is
used
to calculate
these
values for a single
loan
payment
or
a series
of
loan
payments:
•
The
balance
of
the
loan
after
the
payment(s)
are
made.
•
The
amount
of
the
payment(s)
applied
toward
interest.
•
The
amount
of
the
payment(s)
applied
toward
principal.
To
display
the
AMRT
menu,
starting
from
the
primary
TVM
menu:
1.
Press
1iIIDa
.
2.
Press
1iIIiI
.
Figure
4-7.
The
AMRT (Amortization) Menu
KEY
IN
IPAYMENTS
TO
AMORTIZEl
PRESS
{IP}
-73,408.1:11
~II:mJIIilmJDi1!IIIIICJ]iIiliII:H
Table 4-2 describes
the
AMRT
menu
keys.
Table
4-2.
AMRT menu keys.
Menu
Key
Description
..
Stores the number
of
payments
to
be amortized, and calcu-
lates the amortization schedule. The value entered must be
an
integer
in
the range 1 through 1,200 .
...
Displays the amount
of
the payments applied toward interest.
..
Displays the amount
of
the payments applied toward
principal.
..
Displays the balance
of
the loan.
IIIDI
Calculates the amortization schedule for the next set
of
pay-
ments, using the stored value
of
#P
.
Di1DI
Prints an amortization table. (Refer
to
page 156 for additional
information.)
66
4:
Time
Value
of
Money
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