HP 20b HP 20b Calculator Quick Start Guide - Page 49
Time Value of Money, Amortization Example
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Time Value of Money Table 4-6 Amortization Example Keys A Display < < < < < Description Displays the current period of amortization in months. Default is 12. Displays the number of the starting payment in first period to amortize. Displays the current balance remaining after the first year. Displays the current amount of principle applied towards the loan for the first year. Displays the amount of interest paid on the loan for the first year. The amount of your payments applied towards interest for the first year is about $14,000.00. Displays the first payment in the next period to amortize (the 2nd year). 49
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Time Value of Money
49
Table 4-6
Amortization Example
Keys
Display
Description
A
Displays the current period of
amortization in months. Default is
12
.
<
Displays the number of the starting
payment in first period to amortize.
<
Displays the current balance remaining
after the first year.
<
Displays the current amount of principle
applied towards the loan for the first
year.
<
Displays the amount of interest paid on
the loan for the first year. The amount
of your payments applied towards
interest for the first year is about
$14,000.00.
<
Displays the first payment in the next
period to amortize (the 2
nd
year).