HP 12C Loan Amortizations
hp calculators - 3 - HP 12C Loan Amortizations - Version 1.0
Solution: Clear the TVM registers contents to zero and set END mode:
Set the relevant TVM values and calculate the PMT:
7.75 gC 30 gA 180000 $ 0 M P
To calculate the first year it is necessary to set n to zero and amortize twelve payments:
0 n 12 f!
This is the total interest paid after one year. To see the part of the principal that is paid, press:
To check the loan balance after one year:
Answer: After one year, the loan balance is $178,420.18. The amount of principal paid so far is $1,579.82 and
$13,894.66 interest has been paid.
Example 2: With all data from the previous example still available in the calculator's memory, calculate the second year
of the annual amortization of the same mortgage.
Solution: Just to make sure the calculator is at the proper point in the loan, recall the contents of n to the display: