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| Chapter 20 - Asset-Backed Securities |
| 321 |
Calculator Techniques: 20-2
| DATA |
Enter |
Compute |
| P1 = |
1 |
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| P2 = |
180 |
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| BAL = |
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188,441.32 |
| PRN = |
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(111,558.68) |
| INT = |
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(130,925.45) |
Obviously, the principal paid and the principal remaining sum to $300,000.00. If it doesn't, double check that you have cleared your calculations before entering new mortgage data, or make sure that you enter FV = 0 when you enter your mortgage data.
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