Quick Start Guide

31
BA35ENG.DOC BA-35 Solar Quick Reference Guide
Pat Hatcher Revised: 05/08/00 1:13 PM Printed:
05/08/00 1:13 PM Page 31 of 38
Remaining Balance for a Home Mortgage
Purpose: To find the remaining balance—after
a selected payment number—of a mortgage
with end-of-month payments (ordinary annuity).
Values You Supply:
§
mortgage
amount
§
annual interest
rate
§
number of
years
in mortgage
§
amount of
payment
§
payment
number
Procedure Key
Sequence
Clear calculator and mode
re
g
isters; select two decimal
places.
- -
0 b
0 c
2
Press
2
until
FIN
is
displayed.
2
Press
0 a
until
Begin
is
not
displayed.*
0 a
Enter mortgage amount.
mortgage
K
Calculate interest rate.
rate
0 h
Enter interest rate.
I
Calculate number of payment
periods.
years
0 i
Enter number of payment
periods.
C
Enter payment amount.
payment
M
Enter payment number and
calculate balance.*
number
W
* If payments occur at the beginning of each
month (annuity due), press
0 a
until
Begin
is displayed.