HB10 + Calculator Understanding amortization

[Matthew Teifke]

I'm working on a commercial deal and the LL is trying to amortize the TI at a 10% interest rate over 7 years. The space is 3,600 and $30 TI is being amortized.   When calculating this equation do I divide the interest rate by 12 and plug in for the payment  ? 

Number of payment = 7* 12(for 7 years)    PV = (108,000 which is $30* 3600)  FV= 0 . Interest rate = (This is my questions do I plug in 10% or 10/12)  

I'm trying to solve what the additional rent payment is going to be here. Hope this makes sense. 

Thanks for your time and any help.