User Manual

8 Getting Started
BEAR-CH0.DOC BA Real Estate Guidebook Jackie Quiram Revised: 09/28/99 1:17 PM Printed: 09/28/99 1:20 PM
Page 8 of 10
1. To start Amortization, press
%
.
P1 = 1.00
2. Enter the number of the first
payment period (P1).
Press 1
j
to enter the value for
P1 and advance to P2.
P2 = 1.00
3. Enter the number of the last
payment (P2), and compute
balance, principal, and interest.
Press 12
j
to change P2 and
start the list of results. The loan
balance after P2 is displayed.
P2 = 12.00
BAL= 128,914.07
4. Advance to the amount of
principal paid in the first 12
payments.
Press
j
.
PRN=
-
1,085.93
5. Advance to the amount of
interest paid in the first 12
payments.
Press
j
.
INT=
-
10,360.75
To leave Amortization, press
!
.
Amortization for the First Year
The Amortization model prompts you for the starting and
ending payment numbers to define a range of payment
periods. You can then use the TVM values you entered
earlier to find the loan balance after the last payment and
the total principal and interest paid in the range. Find the
balance, principal, and interest after 12 payments.