Casio CLASSPAD 330 3.04 - Manual (Page 850)

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15-5-1
Amortization
15-5 Amortization
Amortization lets you calculate the interest and principal portions of a payment or payments.
Amortization Fields
The following fields appear on the Amortization calculation page.
Field Description
PM1 Number of first installment period in interval under consideration
PM2 Number of last installment period in interval under consideration
I% Annual interest rate (as a percent)
PV Present value (initial investment)
PMT Amount paid each period
P/Y Number of installment periods per year
C/Y Number of times interest is compounded per year
BAL Balance of principal after PM2
INT Interest portion of PM1
PRN Principal portion of PM1
sumINT Total interest paid from PM1 to PM2 (inclusive)
sumPRN Total principal paid from PM1 to PM2 (inclusive)
Financial Application Default Setup for Examples
You can use the [Format] tab to change the following setting.
Payment Date: End of period
Important!
• The calculation for Example 1 is performed using a Compound Interest page. The payment
result you obtain here will be used for the Amortization page calculations in Example 2.