Principal/Interest — Range of Payments/Years
For a $125,000 loan at 10.25% interest for 30 years, find out
how much interest and how much principal you’ll pay in pay-
ments 1-9 and years 1-10.
Steps
Keystrokes
Display
Clear calculator
[Off] [On/C]
0.00
Enter loan amount
125,000 [L/A]
125,000.00
Enter interest
10.25 [Int]
10.25
Enter term
30 [Term]
30.00
Find monthly payment
[Pmt] “run” 1,120.13
Enter pmt periods 1-9
1 [:] 9 [Per] [Amort]
“run” 1-9
Find interest
[Amort]
9,592.93
Find principal
[Amort]
488.21
Enter years 1-10
1 [:] 10 [Amort]
“run” 1-120
Find interest
[Amort]
123,522.48
Find principal
[Amort]
10,892.71
Balloon Payment/Remaining Balance Needed to Pay Off a Loan
You are looking at a new home with the following financing
available: Loan amount $125,000 at 8.75% amortized over 30
years but due and payable after 10 years. What is the balloon
payment (remaining balance) after 10 years?
Steps
Keystrokes
Display
Clear calculator
[On/C] [On/C]
0.00
Enter the loan amount
125,000 [L/A]
125,000.00
Enter interest
8.75 [Int]
8.75
Enter term
30 [Term]
30.00
Find monthly payment
[Pmt] “run”
983.38
Find balloon/remaining
balance after 10 years
10 [Bal]
“run” 111,277.99
27 – User’s Guide
