HP 20b HP 20b Calculator Quick Start Guide - Page 45
Amortization
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Time Value of Money Table 4-4 TVM Example Keys 360 N Display 6.5 Y 1400 00V 0F M Description Inputs 360 as the current value for the number of payments over 30 years. Inputs 6.5 as the current value for the interest rate percentage per year. Inputs the present value of the loan at the time of the first payment. This value is positive (+); it is money you receive. Inputs the future value of the loan (or remaining balance) as 0. Returns the monthly payment. This result is negative (-); it is money you pay out. Amortization Refer to Figure 4-2 for a menu map of the Amortization menu. Table 4-5 lists the keys and variables of the Amortization menu. To open the menu, press A. 45
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Time Value of Money
45
Table 4-4
TVM Example
Keys
Display
Description
360
N
Inputs
360
as the current value for the
number of payments over 30 years.
6.5
Y
Inputs
6.5
as the current value for the
interest rate percentage per year.
1400
00
V
Inputs the present value of the loan at
the time of the first payment. This
value is positive (+); it is money you
receive.
0
F
Inputs the future value of the loan (or
remaining balance) as
0
.
M
Returns the monthly payment. This
result is negative (-); it is money you
pay out.
Amortization
Refer to Figure 4-2 for a menu map of the Amortization menu. Table 4-5 lists the
keys and variables of the Amortization menu. To open the menu, press
A
.