Calculated Industries 3126 - Manual (Page 31)

Principal/Interest – Range of
Payments/Years
For a $125,000 loan at 10.25% interest for
25 years, how much interest and princi-
pal will you pay in payments 1–9 and
years 1–10.
Steps/Keystrokes Display
1. Clear calculator:
[Off] [On/C] CdA 0.00
2. Enter loan amount:
125,000 [L/A] 125,000.00
3. Enter interest, term and find monthly
payment:
10.25 [Int]
CdA 10.25
25 [Term] 25.00
[Pmt] “run” 1,139.20
4. Enter payment periods 1–9:
1 [:] 9 [Per] [Amort] “run” 1-9
5. Find interest and principal:
[Amort] 9,381.63
[Amort] 871.19
6. Enter years 1–10:
1 [:] 10 [Amort] “run” 1-120
7. Find interest and principal:
[Amort] 117,488.26
[Amort] 19,216.08
User’s Guide — 31