HP (Hewlett-Packard) NW280-1001 ユーザーズマニュアル

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Example 2

To continue the previous example, suppose you expect to sell the 

house after 10 years, repaying the balance of the loan with a 

balloon payment. What will be the amount of the balloon 

payment? 
To solve this problem you need to display the amortization 

schedule for the loan. Tap 

. The amortization schedule 

appears as a table, with columns for payment group (P), the 

principal paid during the group, the interest paid during the 

group, and the balance remaining at the end of the group. The 

menu items are:

: displays a menu for you to choose to a font size: small, medium, or large
: returns to the TVM page

Solution

To find the balloon payment due after 10 years of payments, scroll down the P column until you 

come to the row where P =  10. There you will see that you will have repaid $22,835.81 in 

principal, as well as paying $90,936.43 in interest. The fourth column shows a balance of 

$127,164.19 due after 10 years. That is the size of the required balloon payment.
Press 

P

 to see a graphical representation of the amortization table. Press 

>

 to step though each 

payment group and see, at the bottom of the screen, the principal and interest paid in each group.

Example 2

Solution