Amortization & remaining balance – Calculated Industries 3125 User Manual

Page 27

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If the previous loan started in July, find
the “after-tax” payment.

Steps/Keystrokes

Display

1. Set Month 1 Offset to July:

7 [Set] [:]

7.00

2. Enter tax bracket to find annual tax

deduction:
28 [Set] [Pmt]

2,255.09

3. Find monthly tax deduction:

[Pmt]

375.85

4. Find “after-tax” payment:

[Pmt]

1,067.05

Amortization & Remaining Balance

Using the amortization function, you
can find the total interest, principal
and remaining balance for an entire
loan, a range of payments/years, or an
individual payment/year, for fully or
partially amortized loans.

1. When entering a range of payments

using the Colon

[:] key, all three

possible outputs: Interest, Principal
and Remaining Balance, can be
found without having to re-enter the
range each time.

2. You can find Remaining Balance by

entering a year or range of years,
period or range of periods, then
pressing

[Set] [Amort]

. (i.e., to find

the remaining balance after the 10th

User’s Guide — 27

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