[Off]
then
[On/C],
or press
1 [Set]
[:]
.
Total Principal/Total Interest for a Loan
Find the total interest payed on a $200,000
loan at 9.25% interest over 30 years?
Steps/Keystrokes
Display
1. Turn calculator off then back on:
[Off] [On/C]
0.00
2. Enter loan amount, interest, term, then
find monthly payment:
200,000 [L/A]
200,000.00
9.25 [Int]
9.25
30 [Term]
30.00
[Pmt]
“run”
1,645.35
3. Find total number of payments:
[Amort]
“run”
1-360
4. Find total interest paid then total prin-
cipal paid:
[Amort]
392,326.31
[Amort]
200,000.00
User’s Guide — 29
