# HP 12C Loan Amortizations

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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:

fG gĂ‚

Set the relevant TVM values and calculate the PMT:

7.75 gC 30 gA 180000 $ 0 M P

Figure 2

To calculate the first year it is necessary to set n to zero and amortize twelve payments:

0 n 12 f!

Figure 3

This is the total interest paid after one year. To see the part of the principal that is paid, press:

~

Figure 4

To check the loan balance after one year:

:$

Figure 5

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:

:n

Figure 6

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