5: Time Value of Money 81
File name : English-M02-1-040308(Print).doc Print data : 2004/3/9
12 Calculates amortization
schedule for first 12
payments, but does not
display it.
Displays interest paid in
first year.
Displays principal paid
in first year.
Displays balance at end
of first year.
Calculates amortization
schedule for next 12
payments.
Displays results for
second year.
To calculate the balance after 42 payments (3½ years), amortize 18
additional payments (42-24=18):
18 Calculates amortization
schedule for next 18
months.
Displays results.