Casio fx-9750G PLUS - Manual (Page 370)

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The following calculation is performed after conversion from the nominal interest
rate to the effective interest rate, and the result is used for all subsequent
calculations.
i = I%' ÷100
Press 4 ( AMT ) from the initial screen 1 to display the following input screen for
amortization.
PM1 ................ first installment of installments 1 through n
PM2 ................ second installment of installments 1 through n
n ..................... installments
I % ................... interest rate
PV .................. principal
PMT ............... payment for each installment
FV .................. balance following final installment
P / Y .................. installments per year
C / Y ................. compoundings per year
• { BAL } ... {balance of principal after installment PM2}
• { INT } /{ PRN } ... {interest}/{principal} portion of installment PM1
• { Σ INT } /{ Σ PRN } ... {total principal}/{total interest} from installment PM1 to
payment of installment PM2
Example Calculate the monthly installment due on a $140,000 15-year
home mortgage at an annual rate of 6.5%, compounded
semiannually.
Also calculate PRN and INT for the second year (24th
installment), BAL for installment 49, and Σ INT, Σ PRN for
installments 24 through 49.
Display the TVM Menu and then press 2(CMPD).
In the set up screen, specify “ End” for Payment and then press J. P.7
19 - 5
Amortization of a Loan