Mortgages and Amortization 49
BEAR-CH1.DOC BA Real Estate Guidebook Jackie Quiram Revised: 09/28/99 1:16 PM Printed: 09/28/99 1:16 PM
Page 49 of 36
2. Enter term of loan (in years).
30
0
3. Enter interest rate.
9.125
1
4. Enter loan amount.
$105,000
2
5. Compute payment (principal and interest).
$
3
$
.
854.31
6. Start Amortization.
%
7. Accept initial payment period (P1), or enter
the number of the beginning payment period.
1
j
8. Accept ending payment period (P2), or enter
the number of the ending payment period.
8
j
9. View balance remaining after P2.
$104,540.93
10. View principal paid from P1 through P2.
j
$
.
459.07
11. View interest paid from P1 through P2.
j
$
.
6,375.41
12. Return to P1 and accept updated P1 as
next beginning payment period.
j
9
j
13. Accept updated P2, or enter the number
of the next ending payment period.
20
j
14. View balance remaining after P2.
$103,798.03
15. View principal paid from P1 through P2.
j
$
.
742.90
16. View interest paid from P1 through P2.
j
$
.
9,508.82
17. Return to P1 and accept updated P1 as
next beginning payment period.
j
21
j
18. Accept updated P2 as the ending period.
32
j
19. View balance remaining after P2.
$102,984.42
20. View principal paid from P1 through P2.
j
$
.
813.61
21. View interest paid from P1 through P2.
j
$
.
9,438.11
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