Calculated Industries 3405-B User Manual
Page 32
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![background image](/manuals/585157/32/background.png)
P
OCKET
R
EFERENCE
G
UIDE
— 31
(Cont’d)
Find Loan Costs:
STEPS
KEYSTROKES
DISPLAY
Recall loan
® l
350,000.00
Find points
x 1 • 5 % =
5,250.00
Add fees and
find total
+ 7 5 0 =
6,000.00
Add prepaid interest stored
in memory
+ ® µ =
6,641.67
Find APR
s ˆ
6.99
Find total
charges
ˆ
478,075.33
Amount financed
ˆ
343,358.33
Total cost
ˆ
821,433.66
P&I payment
ˆ
2,098.43
Monthly MI
ˆ
183.33
PIMI payment
ˆ
2,281.76
Clear All
s x
“All Cleared” 0.00
*APR includes points/fees, prepaid interest, and,
like the previous example, it also includes the
cost of mortgage insurance (an optional entry).
3405PRG-E-B 1/9/04 8:45 AM Page 31
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