Texas Instruments BA Real Estate - Page 22

Mortgages and Amortization 21
BEAR-CH1.DOC BA Real Estate Guidebook Jackie Quiram Revised: 09/28/99 1:16 PM Printed: 09/28/99 1:16 PM
Page 21 of 36
Mortgage Payment—Principal and Interest
1. Clear TVM values (if not already cleared).
#
-
2. Enter sales price.
$130,000
3. Subtract down payment.
X
10
A
4. Calculate and enter loan amount.
j
$117,000
2
5. Enter term of loan (in years).
30
0
6. Enter interest rate.
9.125
1
7. Compute payment amount.
$
3
$
.
951.95