HP 10BII User Manual page 58

Financial calculator
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Example: A Mortgage With a Balloon Payment.
 \HDU  PRUWJDJH DW 
\RX ZLOO RZQ WKH KRXVH IRU IRXU \HDUV DQG WKHQ VHOO LW UHSD\LQJ WKH ORDQ
ZLWK D EDOORRQ SD\PHQW :KDW ZLOO \RXU EDOORRQ SD\PHQW EH"
6ROYH WKLV SUREOHP XVLQJ WZR VWHSV
 &DOFXODWH WKH ORDQ SD\PHQW XVLQJ D  \HDU WHUP
 &DOFXODWH WKH UHPDLQLQJ EDODQFH DIWHU  \HDUV
)LUVW FDOFXODWH WKH ORDQ SD\PHQW XVLQJ D  \HDU WHUP
Step 1.
PV = 72,500
PMT = ?
End Mode
6HW WR (QG PRGH 3UHVV
Keys:
 ˜
# …
G
% #Æ
&&F
P
58 5: Time Value of Money Calculations
I/YR = 8.8%
N = 25
P/YR = 2
. . .
2
y
LI
BEGIN
Display:
12.00
300.00
0.00
172,500.00
8.80
–1,424.06
<RX·YH REWDLQHG D
DQQXDO LQWHUHVW <RX DQWLFLSDWH WKDW
2
2 9 9
DQQXQFLDWRU LV GLVSOD\HG
Description:
6HWV SHULRGV SHU \HDU
6WRUHV OHQJWK RI
PRUWJDJH  ï 
 PRQWKV 
6WRUHV ORDQ EDODQFH
DIWHU  \HDUV
6WRUHV RULJLQDO ORDQ
EDODQFH
6WRUHV DQQXDO LQWHUHVW
UDWH
&DOFXODWHV PRQWKO\
SD\PHQW
3 0 0

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