beautypg.com

HP 30b Business Professional Calculator User Manual

Page 38

background image

Time Value of Money

30

Figure 2 The Menu Map for the Amortization Menu

Enter the values for the TVM keys for the example below. Press

A

followed by

<

or

>

to view the amortization schedule.

Table 3-3 Amortization Menu Items

Menu Item/Key

Description

A

Opens the Amortization menu (Amort).

Nb Period

Number of periods to group together in the amortization calculation. The

default value is the number of payments per year defined by the

[

key.

Start

Period on which to start amortization. Default is 1. If you want to amortize for
the second year with 12 payments per year, enter 13 (the second year starts at
the 13

th

payment with 12 payments per year).

Balance

The loan balance at the end of the assigned amortized period.

Principal

Amount of the loan payment applied to the principal at the end of the
amortized period.

Interest

Amount of the loan payment applied to the interest at the end of the amortized
period.

A

Nb Per

Start

Balance

DWN

Principal

Interest