Casio FX-CG10 Software User Guide - Page 273
Amortization
View all Casio FX-CG10 manuals
Add to My Manuals
Save this manual to your list of manuals |
Page 273 highlights
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) a : INTPM1 = I BALPM1-1 × i I × (PMT sign) b : PRNPM1 = PMT + BALPM1-1 × i c : BALPM2 = BALPM2-1 + PRNPM2 ΣPM2 d : PRN = PRNPM1 + PRNPM1+1 + ... + PRNPM2 PM1 ΣPM2 e : INT = INTPM1 + INTPM1+1 + ... + INTPM2 PM1 7-9