Prepared for ________________________________ By _________________________ Date ____________
Copyright © 1993, 1996 by Texas Instruments Incorporated.
5
BA Real Estate™ Worksheet
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Paying Off a Loan Early by Making Larger 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. Compute monthly payment.
$
3
6. Add extra payment amount (as a negative amount).
a
t
7. Calculate and enter new, larger payment.
j
3
8. Compute new term.
$
0
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