Texas Instruments Calculator User Manual
Page 44
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