KEYSTROKE
DISPLAY
o o
0.00
1 8 0 0 0 0 l
180,000.00
7 ˆ
7.00
3 0 T
30.00
p
1,197.54
a
(Range of Payments)
1-360
a
(Total Interest)
251,116.02
a
(Total Principal)
180,000.00
a
(Total Payments)
431,116.02
Total Interest, Principal and Remaining
Balance - for Range of Payments
How much Total Interest and Principal will
you pay in payments 1-5 on a 30-year,
$100,000 loan at 7% interest? What is the
Remaining Balance?
KEYSTROKE
DISPLAY
o o
0.00
1 0 0 0 0 0 l
100,000.00
7 ˆ
7.00
3 0 T
30.00
p
665.30
5 s + a
(Range of Payments)
1-5
a
(Total Interest)
2,911.86
a
(Total Principal)
414.66
a
(Total Payments)
3,326.51
a
(Remaining Balance)
99,585.34
U
SER
’
S
G
UIDE
- 9
