Texas Instruments BA II PLUS User Manual

Page 44

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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

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