Casio FX-9860GII-L-IH User Guide - Page 381
Amortization
View all Casio FX-9860GII-L-IH manuals
Add to My Manuals
Save this manual to your list of manuals |
Page 381 highlights
7-5-1 Amortization 7-5 Amortization This calculator can be used to calculate the principal and interest portion of a monthly installment, the remaining principal, and amount of principal and interest repaid up to any point. u Formula a 1 payment c b 1 PM1 PM2 Last Number of Payments a: interest portion of installment PM1 (INT ) b: principal portion of installment PM1 (PRN ) c: balance of principal after installment PM2 (BAL ) e 1 payment d 1 PM1 PM2 Last Number of Payments d: total principal from installment PM1 to payment of installment PM2 (ΣPRN ) e: total interest from installment PM1 to payment of installment PM2 (ΣINT ) *a + b = one repayment (PMT ) 2005704101
7-5
Amortization
This calculator can be used to calculate the principal and interest portion of a monthly
installment, the remaining principal, and amount of principal and interest repaid up to any
point.
u
Formula
a
: interest portion of installment PM1 (
INT
)
b
: principal portion of installment PM1 (
PRN
)
c
: balance of principal after installment PM2 (
BAL
)
d
: total principal from installment PM1 to payment of installment PM2 (
Σ
PRN
)
e
: total interest from installment PM1 to payment of installment PM2 (
Σ
INT
)
*
a
+
b
= one repayment (
PMT
)
7-5-1
Amortization
c
a
b
1 payment
Number of Payments
1
PM1
PM2
Last
..............
.....................
............
1 payment
Number of Payments
1
PM1
PM2
Last
...............
..................
...............
d
e
20070101