TVM Amortization Rounds to Cents (or other)
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04-03-2021, 09:03 PM
Post: #2
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RE: TVM Amortization Rounds to Cents (or other)
Some of the other financial calculators I've used don't automatically round PMT, but I think most round the interest and principal when amortizing a single payment. Can't remember what the 12C does, but the 17BII manual says it rounds PMT automatically. According to the manual, it rounds PMT, calculates interest as BAL*i rounded to the current display mode, and subtracts that from PMT to arrive at the principal amount.
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Messages In This Thread |
TVM Amortization Rounds to Cents (or other) - Rick314 - 04-03-2021, 08:44 PM
RE: TVM Amortization Rounds to Cents (or other) - Dave Britten - 04-03-2021 09:03 PM
RE: TVM Amortization Rounds to Cents (or other) - Albert Chan - 04-03-2021, 09:36 PM
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