HP HP-18C User Manual

To start the amortization schedule over from payment #1, press
.1 CLEAR ALL I and proceed starting at step #10.
Amortization calculations use values of PV, PMT, and INT rounded to
the number of decimal places specified by the current display setting.
(All 12 digits
of 1% YR are used .) However, the stored values of PV
and PMT do not change .
Example: Amortization schedule for a home mortgage. Part 1.
To purchase your new home, you have taken out a 30-year, $65,000
mortage at 12.5% annual interest. Your monthly payment is $693.72.
Calculate
the amount of the first year's and second year's payments
that are applied toward principal and interest.
Part 2. Calculate the loan balance after 3lJ2 years.
Starting from the MAIN menu:
Keys:
.. -
.1 CLEAR ALL I
12.5 _
65000 "
693.72 ~
...
IiIID
.1 CLEAR ALL I
Display:
0,00
I~:YR=12, 50
PV=65., 000 , 00
PMT=-693,72
12 Pt1TS/YR: END
t'10DE
68 4: Time Value of Money
Description:
Displays the TVM menu .
Clears
the history stack
and the TVM variables.
Stores
the annual interest
rate.
Stores
the amount of the
loan.
Stores
the monthly
payment.
Displays the secondary
TVM menu.
Sets 12 payments per
year, End mode.
Displays the AMRT
menu.

HP HP-18C Specifications

General

Brand	HP
Model	HP-18C
Category	PDA
Language	English