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Lyna1
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how to calculate a mortgage constant on a 10bII calculator

Does anyone know how to calculate a Mortgage Constant on the HP 10bII Financial Calculator. I had to replace mine and this new one is very different. Nothing in the user's manual.

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how to calculate a mortgage constant on a 10bII calculator

Hi,

 

There is a formula and and how in the following link (actually for HP 12C):

 

   http://isites.harvard.edu/fs/docs/icb.topic1150896.files/Calculating%20the%20Mortgage%20Constant.pdf

 

Annual Mtg.Constant = 12 * i / (1 - (1 / (1 + i) ^ n)) where: i = annual mortgage interest rate divided by 12 n = term of loan in months

 

Hope this helps.

 

 

BH
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