Calculated Industries 3442 - Manual (Page 71)

66 — M
ORTGAGE
Q
UALIFIER
P
LUS
®
P X2
(Cont’d)
STEPS KEYSTROKES DISPLAY
4. Find the First Five P-A-P Payments:
Find 1st year payment ∏ 1,423.61
Find 2nd year payment ∏ 1,494.79
Find 3rd year payment ∏ 1,569.53
Find 4th year payment ∏ 1,648.01
Find 5th year payment ∏ 1,730.41
5. Find 5-year P-A-P Savings (with no ROI% applied), 5-year ROI%
Savings (based on entered ROI%), and Total Cost:
Display savings/ROI%
range ∏ 1-5
Find savings (no ROI%) ∏ 31,462.37*
Display stored ROI% ∏ 7.00
Find ROI savings ∏ 38,305.19*
Display range for
P-A-P calculations ∏ 1-30
Find total prin./interest ∏ 842,120.24*
Find total interest ∏ 542,120.24
Find balance at end
of range ∏ 0.00
6. Find Start Payment for Year 1, Interest-Only Payment, 30-Year and
15-Year Payments (all based on P-A-P Note%) and P-A-P
Deferred Interest:
Display start payment s ∏ 1,423.61
Find interest-only
payment ∏ 1,875.00
Find 30-yr loan payment ∏ 2,097.64
Find 15-yr loan payment ∏ 2,781.04
Find deferred interest ∏ 451.39
7. Find the Total Investment Return over 30 years: **
Clear calculator o o 0.00
Enter 5-year ROI as
present value 3 8 3 0 5 • 1 9 l 38,305.19
Enter ROI% as
interest rate 7 ˆ 7.00
Enter the rem. term
after 5 years 2 5 T 25.00
Find the value of the
investment s l 219,313.23
(Cont’d)