HP 30b HP 20b Business Consultant and HP 30b Business Professional User's Guid - Page 38

Nb Per, Start, Balance, Principal, Interest - amortization

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A Nb Per Start Balance Principal DWN Interest Figure 2 The Menu Map for the Amortization Menu Table 3-3 Amortization Menu Items Menu Item/Key A Description Opens the Amortization menu (Amort). Nb Period Start Balance Principal Interest Number of periods to group together in the amortization calculation. The [ default value is the number of payments per year defined by the key. Period on which to start amortization. Default is 1. If you want to amortize for the second year with 12 payments per year, enter 13 (the second year starts at the 13th payment with 12 payments per year). The loan balance at the end of the assigned amortized period. Amount of the loan payment applied to the principal at the end of the amortized period. Amount of the loan payment applied to the interest at the end of the amortized period. A < Enter the values for the TVM keys for the example below. Press followed by or > to view the amortization schedule. 30 Time Value of Money

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Time Value of Money
30
Figure 2
The Menu Map for the Amortization Menu
Enter the values for the TVM keys for the example below. Press
A
followed by
<
or
>
to view the amortization schedule.
Table 3-3
Amortization Menu Items
Menu Item/Key
Description
A
Opens the Amortization menu (
Amort
).
Nb Period
Number of periods to group together in the amortization calculation. The
default value is the number of payments per year defined by the
[
key.
Start
Period on which to start amortization. Default is
1
. If you want to amortize for
the second year with 12 payments per year, enter
13
(the second year starts at
the 13
th
payment with 12 payments per year).
Balance
The loan balance at the end of the assigned amortized period.
Principal
Amount of the loan payment applied to the principal at the end of the
amortized period.
Interest
Amount of the loan payment applied to the interest at the end of the amortized
period.
A
Nb Per
Start
Balance
DWN
Principal
Interest