Texas Instruments BA Real Estate - Chapter 1: Mortgages and Amortization

Prepared for ________________________________ By _________________________ Date ____________
Copyright © 1993, 1996 by Texas Instruments Incorporated.
16
BA Real Estate™ Worksheet
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Amortization Schedule
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. Compute payment (principal and interest).
$ 3
6. Start Amortization.
%
7. Accept initial payment period (P1), or enter the
number of the beginning payment period.
j
8. Accept ending payment period (P2), or enter the
number of the ending payment period.
j
9. View balance remaining after P2.
10. View principal paid from P1 through P2.
j
11. View interest paid from P1 through P2.
j
12. Return to P1 and accept updated P1 as next beginning
payment period.
j
j
13. Accept updated P2, or enter the number of the next
ending payment period.
j
14. View balance remaining after P2.
15. View principal paid from P1 through P2.
j
16. View interest paid from P1 through P2.
j
17. Return to P1 and accept updated P1 as next beginning
payment period.
j
j
18. Accept updated P2 as the next ending payment period.
j
19. View balance remaining after P2.
20. View principal paid from P1 through P2.
j
21. View interest paid from P1 through P2.
j
Repeat steps 17 through 21 as necessary.