Calculated Industries 3430 - Amortization List for a Range of Payments; Amortization List for a Range of Years

U
SER’S GUIDE — 41
Amortization List for a Range of Payments
For a $225,000, 30-year loan at 7.4% interest, find how much inter-
est and principal you'll pay in payments 1-9.
STEPS KEYSTROKES DISPLAY
Clear calculator o o 0.00
Enter Loan Amount 2 2 5 ) l 225,000.00
Enter annual Interest rate 7 • 4 ˆ 7.40
Enter Term in years 3 0 T 30.00
Find monthly P&I Payment p “run” 1,557.85
Enter Payments #1-9 1 : 9 s b a* “run” 1-9
Find interest paid a 12,449.13
Find principal paid a 1,571.56
Total principal and interest a 14,020.69
Find remaining balance a 223,428.44
Find remaining term a 29.25
Find mortgage interest deduction
for Payments #1-9 a 3,485.76
— DO NOT CLEAR CALCULATOR —
Amortization List for a Range of Years
Using the same values as the previous example, find how much
interest and principal you will pay in years 1-10.
STEPS KEYSTROKES DISPLAY
Enter Years #1-10 1 : 1 0 a “run” 1-120
Find interest paid a 156,798.68
Find principal paid a 30,143.87
Total principal and interest a 186,942.55
Find remaining balance a 194,856.13
Find remaining term a 20.00
Find mortgage interest deduction
for Years #1-10 a 43,903.63
*Note: For desktop model, press π a to perform this function.