Future Value; Appreciation - Calculated Industries 3430 User Manual

(Cont'd)
Now Solve for the Bi-Weekly Loan and Compare Interest Savings
and Total Interest/Principal Paid:
STEPS
Find Bi-Weekly Term
Find total interest savings
Find total interest paid
Find total principal
Find total principal and
interest
Find Bi-Weekly P&I Payment p
Clear calculator**
*Notice you save a significant amount (over $65K in this example) with a Bi-Weekly.
**Note: Return to monthly payment mode by pressing o twice.

Future Value

Given any four components to a problem that includes a future
value, you can calculate the fifth.
Appreciation / Future Value
You purchased a home for $350,000 and want to know what it will
be worth in 3 years, figuring an inflation or appreciation rate of 6%.
(Set to one payment period per year.)
STEPS
Clear calculator
Set to 1 payment per year 1 s ÷
Enter present value
Enter term in years
Enter appreciation rate
Find future value
Return to 12 payments per
year
*Calculations must be set to default of 12 periods per year, for compounding monthly.
If it isn't, enter 1 2 s ÷.
KEYSTROKES
s T
T
T
T
T
o o
KEYSTROKES
o o
3 5 0 ) l
3 T
6 ˆ
s l
1 2 s ÷
DISPLAY
"run" 24.60
65,430.46*
245,508.33
275,000.00
520,508.33
813.80
DISPLAY
350,000.00
"run" 416,855.60
12.00
U ' G — 43
SER S UIDE
0.00
0.00
1.00
3.00
6.00