Calculated Industries 3430 Pocket Reference Guide User Manual
Page 12
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P
OCKET
R
EFERENCE
G
UIDE
— 8
Loan Amount
Approximately how much can you borrow
if the interest rate is 6.5% on a 30-year
loan and you can afford $1,500 in month-
ly payments? What if the interest rate is
lowered to 6%?
STEPS
KEYSTROKES
DISPLAY
Clear
o o
0.00
Enter interest
6 • 5 ˆ
6.50
Enter term
3 0 T
30.00
Enter payment
1 5 0 0 p
1,500.00
Find loan
l
237,316.23
Enter new interest
rate
6 ˆ
6.00
Find new loan
amount
l
250,187.42
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