Programming instructions

Time Value of Money
48
Table 4-6. The example below is shown with RPN as the active operating
mode.
Table 4-6 Amortization Example
Keys Display Description
12:
[
Inputs current value of payments per
year as 12 .
30:
^
Inputs 360 (30 times 12 payments per
year) as the current value for the
number of payments for the 30-year
loan.
10Y
Inputs 10 as the current interest rate
percentage per year.
1400
00V
Inputs the current present value of the
loan at the time of the first payment.
0F
Inputs the current future value of the
loan as 0 (zero balance).
M
Returns the result for the monthly
payment.