Programming instructions

Time Value of Money
49
Table 4-6 Amortization Example
Keys Display Description
A
Displays the current period of
amortization in months. Default is 12 .
<
Displays the number of the starting
payment in first period to amortize.
<
Displays the current balance remaining
after the first year.
<
Displays the current amount of principle
applied towards the loan for the first
year.
<
Displays the amount of interest paid on
the loan for the first year. The amount
of your payments applied towards
interest for the first year is about
$14,000.00.
<
Displays the first payment in the next
period to amortize (the 2
nd
year).