Amortization – HP 10B User Manual
Page 69
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Amortization
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Amorlization is the process of dividing a payment into the
amount that applies to interest and the amount that applies
to principal. Payments near the beginning of a loan
contribute more interest, and less principal, than payments
near the end of a loan.
TIME
The M
iamorti
key on the HP-lOB allows you to calculate.
■ The amount applied to
interest
in a range of payments.
m
The amount applied to
principal
in a range of payments.
■ The
loan balance
after a specified number of payments are made.
66
5: Time Value of Money Calculations
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