Amortization For Individual Year(S)- Month Offset, Tax Bracket Change - Calculated Industries 3405 Pocket Reference Manual

Amortization for Individual Year(s) —
Month Offset, Tax Bracket Change
• Loan: $300,000
• Term: 30 years
• Interest: 7.5%
• Start Month: March
• Income Tax Bracket: 30%
Amortize & find mortgage interest deduc-
tion for Year 1, if loan starts in March:
STEPS
Clear
Set Month Start to
March
Enter tax
bracket
Enter loan
Enter interest 7 • 5 ˆ
Enter term
Find P&I
payment
Find Year 1
Find Year 1
interest
Find principal a
Find total
payments
P
KEYSTROKES
o o
3 s )
3 0 s +
3 0 0 ) l
3 0 T
p
1 a
a
a
R
OCKET EFERENCE
300,000.00
18,686.33
20,976.44
G — 26
UIDE
DISPLAY
0.00
3.00
30.00
7.50
30.00
2,097.64
1-10
2,290.11
(Cont'd)