Calculated Industries 3430 Pocket Reference Manual - Ocket
Other manuals for 3430:
User Manual
Manual is about: ADVANCED RESIDENTIAL REAL ESTATE FINANCE CALCULATOR with CASH FLOW and COMPLETE BUYER QUALIFYING
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43
P
OCKET
R
EFERENCE
G
UIDE
— 15
Bi-Weekly Loans
• Loan: $212,500
• Term: 30 years
• Interest: 7.85%
Find the Bi-Weekly term, savings, interest
savings, total cost, and Bi-Weekly payment:
STEPS
KEYSTROKES
DISPLAY
Clear
o o
0.00
Enter loan
2 1 2 5 0 0 l
212,500.00
Enter term
3 0 T
30.00
Enter interest
7 • 8 5 ˆ
7.85
Find payment
p
1,537.09
Find Bi-Weekly
term
s T
22.97
Find total interest
savings
T
94,305.23
Find total interest
paid
T
246,545.97
Find total
principal
T
212,500.00
Find total principal plus
interest
T
459,045.97
Bi-Weekly P&I
payment
p