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
®
IIcx
