Instruction Manual

KEYSTROKE DISPLAY
o o 0.00
1 8 0 0 0 0 l 180,000.00
7 ˆ 7.00
3 0 T 30.00
p 1,197.54
a
(Range of Payments) 1-360
a
(Total Interest) 251,116.02
a
(Total Principal) 180,000.00
a
(Total Payments) 431,116.02
Total Interest, Principal and Remaining
Balance - for Range of Payments
How much Total Interest and Principal will
you pay in payments 1-5 on a 30-year,
$100,000 loan at 7% interest? What is the
Remaining Balance?
KEYSTROKE DISPLAY
o o 0.00
1 0 0 0 0 0 l 100,000.00
7 ˆ 7.00
3 0 T 30.00
p 665.30
5 s + a
(Range of Payments) 1-5
a
(Total Interest) 2,911.86
a
(Total Principal) 414.66
a
(Total Payments) 3,326.51
a
(Remaining Balance) 99,585.34
USER’S GUIDE - 9