5000Questions

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That was a mean joke.

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Are you using the TI? You would punch in the TVM inputs as you usually would, then 2nd AMORT. P1 is the first period, P2 is the end of the period you want to see the loan balance, interest payment, etc. by scrolling down. See the PDF Diya posted above on page 13, it shows you the keystrokes.

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They changed it to twice a year, did you not see the announcement?

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Jerks.

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:(|)

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Because when he/she sees this post, he/she will accuse me of posting it and I will just say that no real persons have been identified and it was merely a coincidence that someone else was having the same discussion with his/her colleague 😉

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The AMORT function is especially useful for the “find the interest expense in the 3rd year” or “what was the loan balance in the 4th period” kind of questions. It has saved me several minutes on my practice exams. Doing the calcs by hand just wastes time!

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Wtf.

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