EasyManuals Logo

Calculated Industries 3430 User Manual

Calculated Industries 3430
89 pages
To Next Page IconTo Next Page
To Next Page IconTo Next Page
To Previous Page IconTo Previous Page
To Previous Page IconTo Previous Page
Page #55 background imageLoading...
Page #55 background image
54 — Q
UALIFIER PLUS
®
III
FX
Decreasing ARM Payment
Calculate the initial monthly P&I payment on a 30-year, $250,000
ARM loan at 5% interest, and then find the second and third years'
adjusted payments if the loan's interest rate decreases 1% at the
end of each year.
STEPS KEYSTROKES DISPLAY
Clear calculator o o 0.00
Enter Loan Amount 2 5 0 ) l 250,000.00
Enter Term in years 3 0 T 30.00
Enter annual Interest rate 5 ˆ 5.00
Find initial monthly P&I
Payment p “run” 1,342.05
Enter ARM parameters 1 : 1 s A -1.00 - 1.00
Find 1st lower ARM
payment* A 1 ARM 1,197.01
Find 2nd lower ARM
payment* A 2 ARM 1,064.20
*For second and third year payments.
Increasing and Decreasing ARM Payment
Find the ARM payments for a $300,000, 30-year ARM loan that
starts out at 5% but increases 1% after six months and then
decreases 1.5% after an additional 12 months.
STEPS KEYSTROKES DISPLAY
Clear calculator o o 0.00
Enter Loan Amount 3 0 0 ) l 300,000.00
Enter Term in years 3 0 T 30.00
Enter annual Interest rate 5 ˆ 5.00
Find initial monthly P&I
Payment p “run” 1,610.46
Enter 1st ARM adjustment 1 : • 5 A 1.00 - 0.50
Find higher ARM payment A “run” 1 ARM 1,796.41
Enter 2nd ARM adjustment 1 • 5 : 1 s A -1.50 - 1.00
Find lower ARM payment A “run” 1 ARM 1,527.15

Table of Contents

Other manuals for Calculated Industries 3430

Questions and Answers:

Question and Answer IconNeed help?

Do you have a question about the Calculated Industries 3430 and is the answer not in the manual?

Calculated Industries 3430 Specifications

General IconGeneral
BrandCalculated Industries
Model3430
CategoryCalculator
LanguageEnglish

Related product manuals