THIS WILL CALCULATE: Your remaining balance or balloon
payment on an amortized loan.
EXAMPLE: You borrow $80,000 and agree to pay
it back in equal monthly payments over 30 years at 8% interest, what
is the balance of the loan at the end of year 5?
Please note: The result
is a negative number because it is a cash outlay.
See how to calculate
this example on a:
HP12C or HP10B
Go to Loan Amortization
Number of Payments:
(ie: 30yrs x 12 = 360)
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