Finding Mortgage Amount (Including Canadian Mortgage Insurance) - Calculated Industries 3423 User Manual

Finding Mortgage Amount (Including Canadian Mortgage
Insurance)
Find the Mortgage Amount (including Canadian Mortgage Insurance)
on a 25-year mortgage at 7.8% interest if you are considering a
mortgage with a monthly P&I Payment of $1,500. Canadian
Mortgage Insurance of 2.75% will be added to the mortgage amount.
STEPS
Clear calculator
Enter annual Interest rate
Enter Term in years
Enter monthly P&I Payment 1 5 0 0 p
Enter Canadian Mortgage
Insurance
Find Mortgage Amount
Find Mortgage Amount (including
Canadian Mtg Ins)
Enter new P&I Payment (including
Canadian Mtg Ins)
Recall entered Canadian
Mtg Ins percentage
Find Canadian Mtg Ins
dollar amount
KEYSTROKES
o o
7 • 8 ˆ
2 5 T
2 • 7 5 C
l
l
p
— DO NOT CLEAR CALCULATOR —
® C
C
DISPLAY
25.00
1,500.00
199,869.55
205,365.97
1,541.25
5,496.41
U ' G — 29
SER S UIDE
0.00
7.80
2.75
2.75