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Financial calculator functions: HP 10B II

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Financial calculator functions: HP 10B II [#permalink] New post 23 Jan 2008, 19:56
I imagine some of you must also be using the same calculator because most finance classes won't let students use laptops during mid-term and final exams.

I have a function question regarding a mortgage.

Suppose a customer takes out a 30 year, 5% (compounded annually) home loan for $600,000. How can we calculate the principal accrued on the loan after, say, 50 payments? Again, I already know how to solve this algebraicly, but instead would like to learn how to quickly derive it with a financial calculator.

Thanks.
Financial calculator functions: HP 10B II   [#permalink] 23 Jan 2008, 19:56
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