Prepared for ________________________________ By _________________________ Date ____________
Copyright © 1993, 1996 by Texas Instruments Incorporated.
8
BA Real Estate™ Worksheet
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Time Required to Reduce a Loan to a Specific Amount
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. Enter amount (as a negative value) that the
principal will be reduced to.
t
4
7a. Compute the number of years required to reduce
the principal, or see step 7b.
$
0
years
7b. Compute the number of payments required to
reduce the principal.
$
#
*
# of
payments