Calculated-industries 3416 User Guide Uživatelský manuál stáhnout pdf (Strana 46)

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Amortization List for Individual Year(s) —

Using “Next” Feature

How much total interest and principal will you pay on a 30-year,

$90,000 loan at 8% interest during the first year? The second year?

Third year, etc.? First, find monthly payment to “set-up” this loan.

The calculator will automatically advance to the next year upon sub-

sequent presses of a.

Note: The mortgage interest tax deduction is based on the default tax bracket of 28%

unless you have changed it via

s +

STEPS KEYSTROKES DISPLAY

Clear calculator o o 0.00

Enter loan amount 9 0 ) l 90,000.00

Enter interest 8 ˆ 8.00

Enter term 3 0 T 30.00

Find monthly P&I payment p “run” 660.39

Enter Year 1 1 a “run” 1-12

Find total interest in Year 1 a 7,172.83

Find total principal in Year 1 a 751.83

Find prin./interest in Year 1 a 7,924.66

Find remaining balance a 89,248.17

Find remaining term a 29.00

Find mortgage interest

tax deduction in Year 1 a 1,506.29

Display next year (Year 2) a “run” 13-24

Find total interest in Year 2 a 7,110.43

Find total principal in Year 2 a 814.23

Find principal/interest in

Year 2 a 7,924.66

Find remaining balance a 88,433.94

Find remaining term a 28.00

Find mortgage interest

tax deduction in Year 2 a 1,493.19

Display next year (Year 3) a “run” 25-36

(etc.—sequence repeats for each year)

1 2 ... 41 42 43 44 45 46 47 48 49 50 51 ... 80 81

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Calculated-industries 3416 User Guide Uživatelský manuál Strana 46