Calculated Industries 3420 Pocket Reference Guide - Manual (Page 37)

P OCKET R EFERENCE G UIDE — 36
(Cont’d)
STEPS KEYSTROKES DISPLAY
Find 3rd “adjusted”
Payment A 3 2,869.91
Find 4th “adjusted”
Payment A 4 3,099.73 M *
Find 5th “adjusted”
Payment A 5 3,099.73 M *
Find Principal at start
of year ® l 316,262.56
Recall current Interest
rate ® ˆ 11.00
Recall remaining
Term ® T 25.00
Clear Cap 0 s % CAP 0.00
*Note that the payment for 4th and 5th adjust-
ments (corresponding to the 5th and 6th years)
is the same because the lifetime cap was
reached on the 4th adjustment. An “M” for
“maximum” will appear in the display once the
Cap is reached.
3420PRG-E-A 7/2/04 9:07 AM Page 36