Calculated Industries 3126 - Manual (Page 28)

Total Principal/Total Interest for a Loan
Find the total interest payed on a $200,000
loan at 9.25% interest over 25 years?
Steps/Keystrokes Display
1. Turn calculator off then back on:
[Off] [On/C] CdA 0.00
2. Enter loan amount, interest, term, then
find monthly payment:
200,000 [L/A]
200,000.00
9.25 [Int] CdA 9.25
25 [Term] 25.00
[Pmt] “run” 1,688.90
3. Find total number of payments:
[Amort] “run” 1-300
4. Find total interest paid then total prin-
cipal paid:
[Amort]
306,669.80
[Amort] 200,000.00
28 — Qualifier Plus ® IIcx