HP 113394 User Guide - Page 52
Keystrokes, ALG mode, Display, RPN mode
UPC - 808736340502
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52 Section 3: Basic Financial Functions Keystrokes (ALG mode) +:P } Display -325.00 -143.11 Recalls payment amount. Final, fractional payment. Alternatively, you could make the fractional payment together with the 327th payment. (Doing so will result in a somewhat smaller total of all payments, since you will not have to pay interest during the 328th payment period.) You can calculate this final, larger, 327th payment (essentially a balloon payment) as follows: Keystrokes (RPN mode) Display 327n M :P + 327.00 -141.87 -325.00 -466.87 Stores number of full payments. Calculates FV - which is the balance remaining after 327 full payments. Recalls payment amount. Final, balloon payment. Keystrokes (ALG mode) Display 327n M +:P } 327.00 -141.87 -325.00 -466.87 Stores number of full payments. Calculates FV - which is the balance remaining after 327 full payments. Recalls payment amount. Final, balloon payment. Instead of having a fractional (or balloon) payment at the end of the loan, you might wish to make 327 or 328 equal payments. Refer to "Calculating the Payment Amount" on page 58 for a complete description of this procedure. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 52 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm