Texas Instruments BA-20 Profit Manager User Manual - Page 44

Generating an Amortization Schedule for Interest and, Balloon Payment, Select Amortization worksheet.

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Generating an Amortization Schedule for Interest and Balloon Payment 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 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 40 Time-Value-of-Money and Amortization Worksheets

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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