Monroe Ultimate - Page 83

83
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Calculateapaymentandprintamortizationschedule.$100,000loan,6.5%InterestRate
compounded monthly, 15 year (180 months) term.
100,000
6.5
180
7=(TV\U[-PUHUJLK
Interest Rate
Term - Months
Monthly Payment
FIRST PAYMENT - AMORTIZE
Payment
Pmt. Portion to Interest
Pmt. Portion to Principal
Remaining Principal
Cumulative Interest
Cont. on following page.
100,000 T
6.50 %
180.00M
871.11M#
#1
871.11M#
ò
 ò;
99,670.56RT
541.67C%

#2
871.11M#
539.88ò%
331.23òT
99,339.33RT
1,081.55C%
ENTER DEPRESS PRINT OPERATIONAL NOTES
100,000 IV
6.50 %
180.00 M
871.11 P
1
871.11 P
541.67 I-
329.44 -P
99,670.56 RP
541.67 I
Q
871.11P
539.88 I-
331.23 -P
99,339.33 RP
1,081.55 I
Q
Monro-Manual-1-50 1/26/10 6:07 PM Page 83