User guide

Using Month Offset to Calculate Total
Principal & Interest for One Year
Your first loan payment begins in May.
How much total interest and total princi-
pal will you pay on a 30 year, $90,000
loan at 8% interest during the first year?
(First find the monthly payment to “set
up” this loan.)
Steps/Keystrokes Display
1. Clear calculator:
[On/C] [On/C] 0.00
2. Set Month Offset to May:
5 [Set] [:] 5.00
3. Enter loan amount, interest and term,
then find the monthly payment:
90,000 [L/A] 90,000.00
8 [Int] 8.00
30 [Term] 30.00
[Pmt] “run” 660.39
4. Enter Year 1 and find the total interest
and total principal in Year 1:
1 [Amort] “run” 1-8
[Amort] 4,788.58
[Amort] 494.53
Note: Return your Month Offset to 1 by
turning your calculator off then on, or by
pressing 1 [Set] [:]. Display the Month
Offset by pressing [Rcl] [:].
30 — Real Estate Master
®
IIx/Qualifier Plus
®
IIx