Texas Instruments BA Real Estate - Page 50

Mortgages and Amortization 49
BEAR-CH1.DOC BA Real Estate Guidebook Jackie Quiram Revised: 09/28/99 1:16 PM Printed: 09/28/99 1:16 PM
Page 49 of 36
2. Enter term of loan (in years).
30
0
3. Enter interest rate.
9.125
1
4. Enter loan amount.
$105,000
2
5. Compute payment (principal and interest).
$
3
$
.
854.31
6. Start Amortization.
%
7. Accept initial payment period (P1), or enter
the number of the beginning payment period.
1
j
8. Accept ending payment period (P2), or enter
the number of the ending payment period.
8
j
9. View balance remaining after P2.
$104,540.93
1
0. View principal paid from P1 through P2.
j
$
.
459.07
1
1. View interest paid from P1 through P2.
j
$
.
6,375.41
1
2. Return to P1 and accept updated P1 as
next beginning payment period.
j
9
j
1
3. Accept updated P2, or enter the number
of the next ending payment period.
20
j
1
4. View balance remaining after P2.
$103,798.03
1
5. View principal paid from P1 through P2.
j
$
.
742.90
1
6. View interest paid from P1 through P2.
j
$
.
9,508.82
1
7. Return to P1 and accept updated P1 as
next beginning payment period.
j
21
j
1
8. Accept updated P2 as the ending period.
32
j
1
9. View balance remaining after P2.
$102,984.42
2
0. View principal paid from P1 through P2.
j
$
.
813.61
2
1. View interest paid from P1 through P2.
j
$
.
9,438.11