Keys, Display, Description – HP 10B User Manual
Page 103: Step 3, Keys: display: description, Step 2, Display: description
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Keys:
Display:
Description:
12SiPTYRl
12.00
Sets payment.^ per year.
9.00
Stores interest rate.
20BlxP/YRI
240.00
Stores number of
months.
100000
fPVl
-
100
,
000.00
Stores original amount of
mortgage.
0
(PV)
0.00
Enters amount left to pay
after
20
years.
(PMT]
899.73
Calculates regular
payment.
Step 2.
Enter the new value for
N
indicating when the balloon occurs,
then find
FVt
the amount of the balloon.
Keys;
(E
mi
)
5 BlxP/YRI
m
Display:
Description:
899.73
Rounds payment to two
decimal places for
accuracy.
60.00
Stores number of pay-
ment.s until balloon.
88,706.74
Calculates balloon
payment (add to final
payment).
step 3.
Enlcr actual, current values for
N
and
py\
then find the new
l/YR
for the discounted mortgage with balloon.
Keys:
iRCO [N] □ 42 0
Display:
18.00
Description:
79000 FZn fPVl
-79.000.00
20.72
Stores remaining number
of payments.
Stores price of mortgage.
Calculates the return on
this discounted mortgage.
100
8: Additional Examples