HP (Hewlett-Packard) HP 17bII+ Calculator User Manual


 
192 14: Additional Examples
File name : 17BII-Plus-Manual-E-PRINT-030709 Print data : 2003/7/11
3. Finally enter current values for N (less number of payment periods
already passed, or 5 × 1242) and PV (proposed purchase price,
$79,000); then calculate I%YR for the annual yield.
Step 1: Calculate PMT. Make sure FV = 0.
Keys: Display: Description:
"
]
.
@c
e
"
"
"
#$ 5?@2 H<A 0EAH"
Selects menu; sets 12
payments per year and
End mode.
20
@
T
<8$+(&((" Figures and stores total
number of payments for a
full 20-year loan with
monthly payments.
9
U
100000
&
V
"
"
5O8/#((K(((&(("
Stores interest rate and
amount of original loan.
(Money paid out is
negative.)
0
X
GO8(&((" Sets FV to zero.
W
50:8*,,&-%" Calculates monthly
payment received.
Step 2: Enter the new value for N given a balloon in 5 years, then find
FV, the amount of the balloon.
Keys: Display: Description:
5
@
T
<8'(&((" Stores number of
payments for 5 years.
X
GO8**K-(-&(." Calculates balloon due in
5 years.