HP 12C Loan Amortizations

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HP 12C Loan Amortizations
hp calculators - 5 - HP 12C Loan Amortizations - Version 1.0
Figure 11
This is the interest paid with the 10
th
payment. To see the part of the principal that is paid:
~
Figure 12
To check the loan balance after ten payments:
:$
Figure 13
Answer: After ten payments, the loan balance is $10,210.45. With the 10
th
payment, the amount of principal that has
been paid is $226.83 and $88.72 interest has been paid.
Example 4: With all data from the previous example still available in the calculator memory, amortize the 22
nd
payment.
Solution: Just to verify the calculator is still in the proper state, recall the contents of n to the display:
:n
Figure 14
To amortize the 22
nd
payment it is necessary to amortize the next eleven payments and then amortize the
22
nd
separately:
11 f! 1 f!
Figure 15
This is the interest paid with the 22
nd
payment. To see the part of the principal that is paid:
~
Figure 16
Page 5/6
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