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Copyright © 1993, 1996 by Texas Instruments Incorporated.
7
BA Real Estate™ Worksheet
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Calculating Monthly Payment for a Mortgage with a Balloon Payment
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. Enter amount of balloon payment, as a negative
value.
t
4
6. Compute monthly payment.
$
3