how can i calculate amortization on the BA II Plus calculator?

I'm going to assume you don't know how to enter it in to the calculator. Enter:

100,000 press PV

12 press N

-9,456 press PMT

0 Press FV

Then, 2nd then AMORT (Over the PV button)

"P1=" comes up. Press 3, then enter.

Press the down arrow.

"P2=" comes up. Press 3, then enter, again.

Press down arrow to see the balance of the loan. Press one more time to see PRN=. It ought to read -7,757 or answer A.

Ba Ii Plus Amortization

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RE:

how can i calculate amortization on the BA II Plus calculator?

You have just taken out an installment loan for

$100,000. Assume that the loan will be repaid in 12

equal monthly installments of $9,456 and that the

first payment will be due one month from today.

How much of your third monthly payment will go

toward the repayment of principal?

a.$7,757.22...

On the 3rd line, enter 360 N, then .75 I/Y (9%/12), 900 PMT, then CPT PV to get 111,853.68 negative. That's OK, one field must appear as a negative. Note also that I/Y (the rate) should be entered as a %, in this case .75, not .0075. Or enter 9 / 12 = .75, then press I/Y. For n, you can enter 30 x 12 = 360, then enter N

A

You might have to read the instruction manual, or google it.

I used an amortization spreadsheet in Excel. Did you know that's about 24% interest? Robbery!

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Nate The answer can easily be found by .... original loan balance = 900[ 1 - (1+0.09/12)^(-12*30)]/(0.09/12) = $112,000 Answer B Hope that helps

First, calculate how much will be paid in total. Then subtract the principal from that amount to determine the total interest.

Take it one step at a time.

Giving you the answer doesn't teach you anything.

Here is a video that can help:

I too have the same question