Loan Amortization on HP 12c

[@e5211]

7:25 You don't have to re-enter n. Just need to reset the balance to start from the beginning

[@jonalexanderfilms]

Thank you for your efforts, banks are using method: (Actual 365) 365/365 to calculate loans, performed by MBA's or (university professors) Phd's in numerical analysis. Can you do what they do on the HP12C? HP12C by default is performing 30/360.

[@joselalfaro]

Interesting, I don’t get the numbers he’s showing, maybe this is the reason?

[@TiffanyGallik]

Amazing video! Thank you

[@olesyakoktyan6713]

Is there any quick way to see what’s your outstanding balance is to say after 5 years or after 104 months of amortization?

[@eliadorafoster3730]

Thank you very much your video was really helpful.👍🙂

[@AngusMacKenzie-b8z]

Thank you, great video!

[@sdp8483]

Im getting slightly different numbers on the 12c platinum, off by a few cents after a year.

[@tykaps6826]

I was too. I believe it calculates based on the number of decimal points you're set to. Hit f then 6 to have 6 decimal places like him and the calculations should be the same.

[@sdp8483]

@@tykaps6826 That would make sense. Interesting that it rounds to the displayed decimal places.

[@texagg01]

I'm also getting slightly different numbers. I'm using 6 decimals places like he is. Still can't get the numbers to match exactly.

[@Kenwaldek]

Thank you for sharing your knowledge

[@TaxTape]

What if I wanted to find the interest and principal paid in the last period? (month 12 of year 30)

[@alexanderblankenship6570]

I had the same question. Have you found a way to find the interest and principal payed for specific months using the hp12c?

[@tseumd58]

Awesome. Thank