Casio Financial Consultant FC-100V 매뉴얼 - 페이지 9

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Casio Financial Consultant FC-100V에 대해서도 마찬가지입니다: 제품 카탈로그 (16 페이지), 매뉴얼 (12 페이지)

페이지 인쇄

Doing Amortization with AMRT

Now scroll up to select [PMT] and solve it.

The monthly payment is about $1017.84. Next, to find the total interest paid in the

second year.

Enter AMRT mode and scroll down to enter 13 for [PM1] and 24 for [PM2].

AMRT

EXE

Scroll down further to select [

• • •

The interest paid in the second year is $550.93.

Note that we entered 13, not 12, for PM1. This is due to the definition of PM1 (see

page E-56 of User Guide.) █

Interest rate of mortgage tends to change accordingly and this can affect the total

repayment amount, as well as the length of time needed to repay the debt.

Example 4 ►>>

by interest rate that prevails on the day the loan is made. The monthly payments do

not change although the interest rate varies according to market forces. However,

the duration required to repay the loan will change accordingly as a result of this.

Suppose a person takes out a 20-year, $70,000 mortgage at

2 years interest rates change. Find the duration of the loan and the final smaller

payment if the new interest rate stays fixed at

Operation

First we should find the monthly payment of the loan.

Enter CMPD mode, make sure calculator displays [Set:End]. Then scroll down

and enter 240 for [n], 9 for [ I% ], (-)70000 for [PV], 0 for [FV], 12 for [P/Y] and [C/Y].

CMPD

EXE

QED Education Scientific

SOLVE

EXE

INT:Solve] and solve it.

∑

SOLVE

QED Finance issues mortgages where payments are determined

EXE

Output: PMT = 1017.842337

Output: ∑INT = 550.9318646

EXE

Screenshot from Casio TVM

. After exactly

(─)

EXE