Calculated Industries 3442 User Manual
Page 82
U
SER
’
S
G
UIDE
— 77
(Cont’d)
STEPS
KEYSTROKES
DISPLAY
4.
Find 1st TD Payments:
Find 1st year payment
N
404.54
Find 2nd year payment
N
434.88
Find 3rd year payment
N
467.50
Find 4th year payment
N
502.56
Find 5th year payment
N
540.25
5.
Find 1st TD Loan Amount:
N
75,789.47
6.
Find 1st TD Total Cost:
Find 1st TD total
principal and interest
N
208,642.62
Find 1st TD total interest
N
132,853.15*
Find 1st TD rem. balance
N
0.00
7.
Find 2nd TD Loan Amount:
N
14,210.53
8.
Find 2nd TD Payment:
N
140.73
9.
Find 2nd TD Total Cost:
Find 2nd TD total
principal and interest*
N
19,387.76
Find 2nd TD total interest
N
5,177.23*
Find 2nd TD rem. balance
N
0.00
Find 2nd TD adjusted term
(if savings of 1st TD applied
to 2nd TD)
N
6.94
*Notice the total interest paid for the P-A-P Combo loan ($138,030.38) is $21K less
than the fixed-rate loan interest ($159,127.97).