Calculated-industries 3405-D Manuel d'utilisateur télécharger pdf (Page 25)

POCKET REFERENCE GUIDE — 24

Amortization —

Using “Next” Feature

• Loan: $300,000

• Term: 30 years

• Interest: 7.5%

• Start Month: January

• Tax Bracket: 28% (Default)

STEPS KEYSTROKES DISPLAY

Clear o o 0.00

Enter loan 3 0 0 ) l

300,000.00

Enter interest 7 • 5 ˆ 7.50

Enter term 3 0 T 30.00

Find payment p 2,097.64

Find # payments

a 1-360

Find total

interest a 455,151.67

Find total

principal a 300,000.00

Find total

payments

a 755,151.67

Find all values for the first year:

Enter Year 1 1 a 1-12

Find total

interest a 22,406.22

Find total

principal a 2,765.50

(Cont’d)

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