Calculated Industries 3126 - Manual (Page 27)

5. In some cases, a final, regular P&I
payment is included in the “balloon
payment.” Neither calculator includes
this. While calculating the remaining
balance; only the remaining princi-
pal balance is calculated.
6. If the first loan payment begins in a
month other than January, reset the
Month Offset value to calculate the
correct number of periods in the
amortization range. To change this
setting, press the month number,
then
[Set] [:] . For example, if the
first payment begins in April, press
4 [Set] [:] . If requesting amortiza-
tion values for year 1, press 1
[Amort] to display the amortization
of periods 1–9. Year 2, 2 [Amort],
displays values for periods 10–21. To
return the Month Offset to 1, press
[Off] then [On/C], or press 1 [Set]
[:] .
User’s Guide — 27