Calculated Industries 3125 - Manual (Page 31)

Principal/Interest for a Given Payment
For a $175,000 loan at 9.25% interest
for 30 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] 0.00
2. Enter loan amount, interest, term and
find monthly payment:
175,000 [L/A]
175,000.00
9.25 [Int] 9.25
30 [Term] 30.00
[Pmt] “run” 1,439.68
3. Display 1st payment period:
1 [Per] [Amort] “run” 1-1
4. Find interest and principal on 1st pay-
ment:
[Amort]
1,348.96
[Amort] 90.72
5. Display 2nd payment period:
2 [Per] [Amort] “run” 2-2
6. Find interest and principal on 2nd pay-
ment:
[Amort]
1,348.26
[Amort] 91.42
User’s Guide — 31