Financial HP Calculator: Amortisation with Payments at begin of period
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06-06-2024, 11:18 PM
(This post was last modified: 06-06-2024 11:36 PM by Gil.)
Post: #9
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RE: Financial HP Calculator: Amortisation with Payments at begin of period
Do you really mean
PMT-1 = RND(PMT;2) = 2511.73 PMT-2 = RND(PMT*1.05;2) = 2637.32 PMT-3 = RND(PMT*1.05^2;2) = 2769.19 or rather PMT-1 = RND(PMT;2) = 2511.73 PMT-2 = RND(PMT-1*1.05;2) = 2637.32 PMT-3 = RND(PMT-1*1.05^2;2) = 2769.19, having the initial payment PMT-1 as reference for successive growth? Depending on your confirmation or not I might change my program calculation for the successive PMT-i. For the PMT-11, we might have then "my" 4091.34350092 —>. 34 instead of your 4091.34983732 —>. 35, ie a cent of difference... Interesting would be to know the most general banking use in that matter, though, of course, the difference is quite ridiculous here. Regards, Gil |
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