Calculated Industries QUALIFIER PLUS IIx Guía de usuario descargar pdf (Pagina 38)

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Amortization List for Individual Year(s) —

Using “Next” Feature

How much total interest and principal will you pay on a 25-year,

$90,000 mortgage at 8% interest during the first year? The second

year? Third year, etc.? First, find monthly payment to “set-up” this

mortgage. The calculator will automatically advance to the next year

upon subsequent presses of a.

STEPS KEYSTROKES DISPLAY

Clear calculator o o 0.00

Enter Mortgage Amount 9 0 ) l 90,000.00

Enter Interest 8 ˆ 8.00

Enter Term 2 5 T 25.00

Find monthly P&I Payment p “run” 686.89

Enter Year 1 1 a “run” 1-12

Find total Interest in Year 1 a 7,040.09

Find total Principal in Year 1 a 1,202.62

Find Prin./Interest in Year 1 a 8,242.71

Find Remaining Balance a 88,797.38

Find Remaining Term a 24.00

Display next year (Year 2) a “run” 13-24

Find total Interest in Year 2 a 6,941.95

Find total Principal in Year 2 a 1,300.75

Find Prin./Interest in Year 2 a 8,242.71

Find Remaining Balance a 87,496.63

Find Remaining Term a 23.00

Display next year (Year 3) a “run” 25-36

(etc. — sequence repeats for each year)

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Calculated Industries QUALIFIER PLUS IIx Guía de usuario Pagina 38