Chapter 20 - Asset-Backed Securities
321

Calculator Techniques: 20-2

DATA Enter Compute
P1 = 1  
P2 = 180  
BAL =   188,441.32
PRN =   (111,558.68)
INT =   (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.