Calculated Industries 3405-B User Manual
Page 29
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![background image](/manuals/585157/29/background.png)
P
OCKET
R
EFERENCE
G
UIDE
— 28
Balloon Payment/Remaining Balance
• Loan: $300,000
• Term: 30 years
• Interest: 7.5%
Find remaining balance after 10 years:
STEPS
KEYSTROKES
DISPLAY
Clear
o o
0.00
Enter loan
3 0 0 ) l
300,000.00
Enter interest
7 • 5 ˆ
7.50
Enter term
3 0 T
30.00
Find payment
p
2,097.64
Find balloon payment, or remaining
balance
1 0 s a
260,384.96
3405PRG-E-B 1/9/04 8:45 AM Page 28
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