Prepared for ________________________________ By _________________________ Date ____________
Copyright © 1993, 1996 by Texas Instruments Incorporated.
11
BA Real Estate™ Worksheet
Texas Instruments grants permission to reproduce this page for limited office use with clients. All other rights reserved.
Bi-Weekly Mortgage Payments
1. Clear TVM values (if not already cleared).
#
-
2. Enter term of loan (in years).
0
3. Enter interest rate.
1
4. Enter loan amount.
2
5. Start Bi-Weekly and view the bi-weekly payment
amount.
L
6. View the number of bi-weekly payments (N)
required to pay off loan.
j
7. View the number of years (YRS) required.
j
8. View the interest saved at the end of the term by
making bi-weekly payments instead of monthly
payments.
j