Calculated Industries Qualifier Plus IIcx User Manual page 30

Principal/Interest for a Given Payment
For a $175,000 loan at 9.25% interest
for 25 years, find out how much inter-
est and how much principal you pay
in the first and second payments.
Steps/Keystrokes
1. Clear calculator:
[Off] [On/C]
2. Enter loan amount, interest, term and
find monthly payment:
175,000 [L/A]
9.25 [Int]
25 [Term]
[Pmt]
3. Display 1st payment period:
1 [Per] [Amort]
4. Find interest and principal on 1st pay-
ment:
[Amort]
[Amort]
5. Display 2nd payment period:
2 [Per] [Amort]
6. Find interest and principal on 2nd pay-
ment:
[Amort]
[Amort]
30 — Qualifier Plus
"run"
IIcx
®
"run"
"run"
Display
CdA 0.00
175,000.00
CdA 9.25
25.00
1,477.79
1-1
1,323.67
154.11
2-2
1,322.51
155.28