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TI-83 Plus Tables and Reference Information 731
Amortization
If computing
bal
(),
pmt
2
=
npmt
Let
bal
(
0
) =
RND
(
PV
)
Iterate from
m
=
1
to
pmt
2
+−−=
−×=
−
)(I)1()(
))]1((12[I
m
m
PMTRNDmbalmbal
mbaliRNDRND
then:
)2()(
pmtbalbal
=
)1()2()(Pr
pmtbalpmtbaln
−=
Σ
)(Pr)()112()(
nPMTRNDpmtpmtInt
Σ−×+−=
Σ
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