Calculated Industries 3405-B - Manual (Page 24)

P OCKET R EFERENCE G UIDE — 23
(Cont’d)
STEPS KEYSTROKES DISPLAY
Find “adjusted” higher payment for next
6 months A “run” 1 1,240.73
Enter 2nd ARM
parameters 1 • 5 : 1 s A
-1.50 - 1.00
Find Year 2 “adjusted” lower
payment A 1 1,047.42
Enter 3rd ARM
parameters 1 • 2 5 : 1 A
1.25 - 1.00
Find Year 3 “adjusted” increased
payment A 1 1,202.78
Find Year 4 “adjusted” increased
payment A 2 1,364.24
Find Year 5 “adjusted” increased
payment A 3 1,530.54
Find Year 6 “adjusted” increased
payment A 4 1,631.68 M*
Find principal at start
of year ® l 205,673.16
Recall current interest
rate ® ˆ 8.25
Recall remaining
term ® T 24.50
Clear Cap 0 s % CAP 0.00
*The “M” means the lifetime cap is reached and
the payment will no longer increase.
3405PRG-E-B 1/9/04 8:45 AM Page 23