Loading [MathJax]/jax/output/HTML-CSS/jax.js
Skip to main content
Library homepage
 

Text Color

Text Size

 

Margin Size

 

Font Type

Enable Dyslexic Font
Mathematics LibreTexts

Search

  • Filter Results
  • Location
  • Classification
    • Article type
    • Stage
    • Author
    • Embed Hypothes.is?
    • Cover Page
    • License
    • Show Page TOC
    • Transcluded
    • PrintOptions
    • OER program or Publisher
    • Autonumber Section Headings
    • License Version
    • Print CSS
    • Screen CSS
  • Include attachments
Searching in
About 1 results
  • https://math.libretexts.org/Bookshelves/Applied_Mathematics/Business_Math_(Olivier)/13%3A_Understanding_Amortization_and_its_Applications/13.01%3A_Calculating_Interest_and_Principal_Components
    Step 5: Calculate the balance (BAL) prior to the series of payments by subtracting step 4 (the future value of the payments) from step 3 (the future value of the original principal). In the output...Step 5: Calculate the balance (BAL) prior to the series of payments by subtracting step 4 (the future value of the payments) from step 3 (the future value of the original principal). In the outputs, the BAL window displays the balance remaining after the last payment entered (P2 = 7), and the PRN and INT windows display the total principal interest portions for the series of payments.

Support Center

How can we help?