Calculated Industries QUALIFIER PLUS IIx Betriebsanweisung PDF herunterladen (Seite 63)

62 — Q

UALIFIER

LUS

III

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 Payment p “run” 1,610.46

Enter 1st ARM adjustment 1 : • 5 A 1.00 - 0.50

Find higher ARM Payment A 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

Total Principal and Interest for a 30-Year Loan

How much total interest will you pay on a $300,000 loan at 7.5%

interest over 30 years? What is the total principal and interest paid?

STEPS KEYSTROKES DISPLAY

Clear calculator o o 0.00

Enter Loan Amount 3 0 0 ) l 300,000.00

Enter annual Interest rate 7 • 5 ˆ 7.50

Enter Term in years 3 0 T 30.00

Find monthly P&I Payment p “run” 2,097.64

Find total # of Payments a “run” 1-360

Find total Interest paid a 455,151.67

Find total Principal paid a 300,000.00

Find total Principal/Interest a 755,151.67

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Calculated Industries QUALIFIER PLUS IIx Betriebsanweisung Seite 63