HP 17bII+ User Manual
Page 192
192 14: Additional Examples
File name : English-M02-1-040308(Print).doc Print data : 2004/3/9
3. Finally enter current values for N (less number of payment periods
already passed, or 5
× 12－42) 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
Selects menu; sets 12
payments per year and
End mode.
20
@
Figures and stores
total
number of payments for a
full 20-year loan with
monthly payments.
9
100000
&
Stores interest rate and
amount of original loan.
(Money paid out is
negative.)
0
Sets
FV to zero.
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
@
Stores number of
payments for 5 years.
Calculates balloon due in
5 years.