User Manual

78 5: Time Value of Money

File name : English-M02-1-040308(Print).doc Print data : 2004/3/9

Table 5-2. AMRT Menu Labels

Label

Description



Stores the number of payments to be amortized, and

calculates an amortization schedule for that many

payments. Successive schedules start where the last

schedule left off. #P can be an integer from 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.

 Calculates the next amortization schedule, which

contains #P payments. The next set of payments starts

where the previous set left off.

 Displays a menu for printing an amortization table

(schedule).

Displaying an Amortization Schedule

For amortization calculations, you need to know PV, I%YR, and PMT. If

you have just finished doing these calculations with the TVM menu, then

skip to step 3.

To calculate and display an amortization schedule:

1. Press   to display the TVM menu.

Amortization calculations use values of PV, PMT, and INT rounded to the

number of decimal places specified by the current display setting. A setting of



2 means that these calculations will be rounded to two decimal places.