Principal/Interest for a Given Payment
For a $175,000 loan at 9.25% interest for 30 years, find out
how much interest and how much principal you pay in the
first and second payments.
Steps Keystrokes Display
Clear calculator [Off] [On/C] 0.00
Enter loan amount 175,000 [L/A] 175,000.00
Enter interest 9.25 [Int] 9.25
Enter term 30 [Term] 30.00
Find monthly payment [Pmt] “run” 1,439.68
Display 1st pmt period 1 [Per] [Amort] “run” 1-1
Find interest 1st pmt [Amort] 1,348.96
Find principal 1st pmt [Amort] 90.72
Display 2nd pmt period 2 [Per] [Amort] “run” 2-2
Find interest 2nd pmt [Amort] 1,348.26
Find principal 2nd pmt [Amort] 91.42
— DO NOT CLEAR CALCULATOR —
For the same loan, find the amount of principal and interest
paid in the 36th payment.
Steps Keystrokes Display
Display 36th pmt period 36 [Per] [Amort] “run” 36-36
Find interest 36th payment [Amort] 1,320.98
Find principal 36th pmt [Amort] 118.70
Find remaining balance [Amort] 171,252.31
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