Calculated Industries 3405-B - Manual (Page 26)

P OCKET R EFERENCE G UIDE — 25
(Cont’d)
STEPS KEYSTROKES DISPLAY
Find total
payments a 25,171.72
Find balance a 297,234.50
Remaining term a 29.00
Tax deduction a 6,273.74*
*estimated – mortgage interest only; doesn’t
include property tax.
Find all values for the second year:
STEPS KEYSTROKES DISPLAY
Display Year 2 a 13-24
Find total
interest a 22,191.53
Find total
principal a 2,980.20
Find total
payments a 25,171.72
Find balance a 294,254.30
Remaining term a 28.00
Tax deduction a 6,213.63
(etc.—sequence repeats for each year)
Note: Based on default 28% tax bracket & loan
start in January. To change these values, see
next example.
3405PRG-E-B 1/9/04 8:45 AM Page 25