Texas Instruments Calculator User Manual page 44

Generating an Amortization Schedule for Interest and
Balloon Payment
To
Select Amortization worksheet. & \
Enter end period (five years).
View balance due after five
years (balloon payment).
View interest paid after five
years.
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
Press
# & Z !
5
#
# #
Time-Value-of-Money and Amortization Worksheets
Display
P1= 1.00
P2=
60.00
BAL= 77,187.72
INT=
-27,920.72


