Table of Contents
Advertisement
Amortization List for Individual Payment(s)
For a $175,000 mortgage at 6.85% interest for 25 years, find out
how much interest and how much principal you'll pay in the first and
second payments.
Note: Use the π key to label the payments.
STEPS
Clear calculator
Enter Mortgage Amount
Enter Interest
Enter Term
Find monthly P&I Payment p
Enter Payment #1
Find Interest in Pmt #1
Find Principal in Pmt #1
Find Prin./Int. in Pmt #1
Find Rem. Bal. in Pmt #1
Find Rem. Term in Pmt #1 a
Display Payment #2
(etc. — sequence repeats for each payment)
For the same mortgage, find the amount of principal and interest
paid in the 36th payment. Also, find the total payment, remaining
balance and remaining term.
STEPS
Enter Payment #36
Find Interest in Pmt #36
Find Principal in Pmt #36
Find Prin./Int. Pmt #36
Find Remaining Balance
Find Remaining Term
*Note: Payments are rounded to the nearest whole cent; therefore, the penny differ-
ence.
KEYSTROKES
o o
1 7 5 ) l
6 • 8 5 ˆ
2 5 T
1 π a
a
a
a
a
a
— DO NOT CLEAR CALCULATOR —
KEYSTROKES
3 6 π a
a
a
a
a
a
DISPLAY
175,000.00
25.00
"run" 1,209.56
"run" 1-1
984.99
224.57
1,209.56
174,775.43
24.92
"run" 2-2
DISPLAY
"run" 36-36
936.25
273.32
1,209.56*
166,065.90
22.00
U
'
G
— 39
SER
S
UIDE
0.00
6.85
Advertisement
Table of Contents
