T y y y, Y y i y, Keys – HP 10B User Manual
Page 60: 25 k, Display: description, 8 qzÿr] step 2
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Set (o End mode. Press
Keys:
12
25 K
x
PZV
r
)
if BEGIN annunciator is displayed.
Display:
Description:
12.00
Sets periods per year.
300.00
Stores length of mortgage
(25 X 12 = 300 months).
0.00
Stores loan balance after
25 years.
72,500.00
Stores original loan
balance.
13.80
Stores annual interest
rate.
-861.65
Calculates monthly
payment.
0 (FV)
72500 (PyJ
13.8 QZŸR]
Step 2.
Since (he payment is at the end of the month, the last payment
and the balloon payment occur at the same time. The final payment is the
sum of
PMT
and
FV,
PV = 72,500.00
A
l/YR - 13.8%
N - 4x 12
P/YR - 12
t Y Y Y
44
45
46
47
48
Y Y I Y
PMT = - 861.65
End Mode
FV = ?
5: Time Velue o( Money Calculations 57