Calculated Industries 3442 - Manual (Page 82)

U
SER
’
S
G
UIDE
— 77
(Cont’d)
STEPS KEYSTROKES DISPLAY
4. Find 1st TD Payments:
Find 1st year payment N 404.54
Find 2nd year payment N 434.88
Find 3rd year payment N 467.50
Find 4th year payment N 502.56
Find 5th year payment N 540.25
5. Find 1st TD Loan Amount:
N 75,789.47
6. Find 1st TD Total Cost:
Find 1st TD total
principal and interest N 208,642.62
Find 1st TD total interest N 132,853.15*
Find 1st TD rem. balance N 0.00
7. Find 2nd TD Loan Amount:
N 14,210.53
8. Find 2nd TD Payment: N 140.73
9. Find 2nd TD Total Cost:
Find 2nd TD total
principal and interest* N 19,387.76
Find 2nd TD total interest N 5,177.23*
Find 2nd TD rem. balance N 0.00
Find 2nd TD adjusted term
(if savings of 1st TD applied
to 2nd TD)
N 6.94
*Notice the total interest paid for the P-A-P Combo loan ($138,030.38) is $21K less
than the fixed-rate loan interest ($159,127.97).