Equity Builder Term Reduction And Payment; Equity Builder Interest Savings - Based On Adjusted Equity Builder Payment - Calculated Industries 3442 User Manual

Equity Builder Term Reduction and Payment

Find the monthly P&I payment on a 30-year, $212,500 mortgage at
7.85% annual interest. Then convert it to an Equity Builder and find
out how many years it will take to pay off this loan, the total interest
savings, the return-on-investment (ROI%), and Equity Builder P&I
payment.
STEPS
Clear calculator
Enter loan amount
Enter term in years
Enter annual interest
Find monthly P&I payment p
Find Equity Builder term
Find total interest savings
Find effective interest rate T
Find total interest paid
Find total principal
Find total prin. and interest T
Find ROI%
Find Equity Builder P&I payment
Equity Builder Interest Savings - Based on Adjusted
Equity Builder Payment
Now, add fifty dollars to the Equity Builder P&I payment and solve for
the new Equity Builder term, the total interest savings, the Effective
Interest Rate (EFF%) and the Return-On-Investment (ROI%).
STEPS
Add $50 and enter new payment
Solve for new Equity Term Builder
Find total interest savings
Find effective interest rate T
Find total interest paid
Find total principal
Find total prin. and interest T
Find ROI%
Clear calculator*
*Return to monthly payment mode by pressing o twice, or by pressing s T .
40 — M
ORTGAGE
KEYSTROKES
o o
2 1 2 5 0 0 l
3 0 T
7 • 8 5 ˆ
s T
T
T
T
T
p
— DO NOT CLEAR CALCULATOR —
KEYSTROKES
+ 5 0 = p
T
T
T
T
T
o o
Q P
UALIFIER LUS
®
X2
P
DISPLAY
0.00
212,500.00
30.00
7.85
"run" 1,537.09
"run" 22.97
94,305.23
6.01
246,545.97
212,500.00
459,045.97
46.29
768.54
DISPLAY
818.54
19.54
137,487.13
5.11
203,364.07
212,500.00
415,864.07
51.10
0.00