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. 

First calculate the
PAYMENT:
12 


Sets period per year 
80000 



 
587.01 
Then
calculate the remaining balance:
5 



76,055.89 
