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40 Time-Value-of-Money and Amortization Worksheets

Generating an Amortization Schedule for Interest and

Balloon Payment

If the sellers financed the sale, they would receive:

• Monthly payment: $545.55 for five years

• Interest: $27,790.72 over the five years

• Balloon payment: $77,187.72

To Press Display

Select Amortization worksheet. & \

P1=

1.00

Enter end period (five years). #

5 & Z !

P2=

60.00



View balance due after five

years (balloon payment).

BAL=

77,187.72



View interest paid after five

years.

# #

INT=

-27,920.72



Texas Instruments Calculator User Manual

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