14 G e t t i n g S t a r t e d
Amortize the 1
st
through 24
th
loan payments.
For more information on amortization, refer to the section titled, Amortization in
chapter 6, Time Value of Money Calculations in the HP 10bII+ Financial
Calculator User’s Guide.
Table 1-16 Amortization example
Keys Display Description
JÆJG
12_ Enters range of
periods to amortize.
\Ê
1 – 12 Displays range of
periods (payments).
4
-77.82 Displays principal.
4
-1,396.50 Disp lays interest.
(Money paid out is
negative).
4
13,922.18 Displays the balance
amount.
\Ê
13 – 24 Displays range of
periods
4
-85.96 Displays principal.
4
-1,388.36 Displays interest.
4
13,836.22 Displays the balance
amount.
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