cancel

Note on archived topics.

This topic has been archived. Information and links in this thread may no longer be available or relevant.
If you have a question create a new topic by clicking here and select the appropriate board.
Lyna1 Student
Student
1 0 0 0
Message 1 of 2
2,495
Flag Post
HP Recommended

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.

0 Kudos
1 REPLY 1
Provost Provost
Provost
76,704 76,123 9,332 20,162
Message 2 of 2
2,489
Flag Post
HP Recommended

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
***
**Click the KUDOS thumb up on the left to say 'Thanks'**
Make it easier for other people to find solutions by marking a Reply 'Accept as Solution' if it solves your problem.
0 Kudos

Note on archived topics.

This topic has been archived. Information and links in this thread may no longer be available or relevant.
If you have a question create a new topic by clicking here and select the appropriate board.
† The opinions expressed above are the personal opinions of the authors, not of HP. By using this site, you accept the Terms of Use and Rules of Participation