Calculated Industries 3126 User Manual

Page 30

Principal/Interest for a Given Payment

For a $175,000 loan at 9.25% interest
for 25 years, find out how much inter-
est and how much principal you pay
in the first and second payments.

Steps/Keystrokes

Display

1. Clear calculator:

[Off] [On/C]

CdA 0.00

2. Enter loan amount, interest, term and

find monthly payment:
175,000 [L/A]

175,000.00

9.25 [Int]

CdA 9.25

25 [Term]

25.00

[Pmt] “run”

1,477.79

3. Display 1st payment period:

1 [Per] [Amort] “run”

1-1

4. Find interest and principal on 1st pay-

ment:
[Amort]

1,323.67

[Amort]

154.11

5. Display 2nd payment period:

2 [Per] [Amort] “run”

2-2

6. Find interest and principal on 2nd pay-

ment:
[Amort]

1,322.51

[Amort]

155.28

30 — Qualifier Plus

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