User`s guide

Time Value of Money Calculations78
Amortize the 1
st
, 25
th
, and 54
th
payments
Ì
-310.42 Calculates the monthly payment.
Table 6-22 Calculating the amount
Keys Display Description
JÆ
1.00 Enters first payment.
\Ê
1 – 1 Displays PER and the amortized payment
period.
4
-310.42 Displays PRIN and the first principal
payment.
4
0.00 Displays INT and the interest.
4
13 ,939. 58 D i s p l a y s BAL and the loan balance after
one payment.
GVÆ
25.00 Enters payment to amortize.
\Ê
25 – 25 Displays PER and the amortized payment
period.
4
-220.21 Displays PRIN and the principal paid on
the 25
th
payment.
4
-90.21 Displays INT and the interest paid on the
25
th
payment.
4
9,193.28 Displays BAL and the balance after the
25
th
payment.
VYÆ
54.00 Enters payment to amortize.
\Ê
54 – 54 Displays PER and the amortized payment
period.
4
-290.37 Displays PRIN and the principal paid on
the 54
th
payment.
4
-20.05 Displays INT and the interest paid on the
54
th
payment.
4
1,8 01.57 Di s pl a ys BAL and the balance after the
54
th
payment.
Table 6-21 Calculating the monthly payment
Keys Display Description