Calculated Industries 3415, Руководство пользователя

Страница: 44 / 77

U
SER
’
S
G
UIDE
— 43
Amortization List for Individual Year(s) — Using “Next” Feature
How much total interest and principal will you pay on a 30-year,
$90,000 loan at 8% interest during the first year? The second year?
Third year, etc.? First, find monthly payment to “set-up” this loan.
The calculator will automatically advance to the next year upon sub-
sequent presses of
a .
Note: The mortgage interest tax deduction is based on the default tax bracket of 28%
unless you have changed it via
s +
.
STEPS KEYSTROKES DISPLAY
Clear calculator
o o
0.00
Enter loan amount
9 0 ) l
90,000.00
Enter interest
8 ˆ
8.00
Enter term
3 0 T
30.00
Find monthly P&I payment
p
“run” 660.39
Enter Year 1
1 a
“run” 1-12
Find total interest in Year 1 a 7,172.83
Find total principal in Year 1
a
751.83
Find prin./interest in Year 1
a
7,924.66
Find remaining balance
a
89,248.17
Find remaining term
a
29.00
Find mortgage interest
tax deduction in Year 1
a
2,008.39
Display next year (Year 2)
a
“run” 13-24
Find total interest in Year 2
a
7,110.43
Find total principal in Year 2
a
814.23
Find principal/interest in
Year 2
a
7,924.66
Find remaining balance a 88,433.94
Find remaining term
a
28.00
Find mortgage interest
tax deduction in Year 2
a
1,990.92
Display next year (Year 3)
a
“run” 25-36
(etc.—sequence repeats for each year)