User Manual Q&AAnswer
Nov 05, 2024 - 02:53 AM
To calculate loan amortization schedules using the Calculated Industries 3400 Real Estate Master Calculator, follow these steps:
1. Enter the loan amount: Use the numeric keypad to enter the loan amount.
2. Enter the interest rate: Input the interest rate using the numeric keypad. Make sure to enter it as a decimal (e.g., 5% should be entered as 0.05).
3. Enter the loan term: Input the loan term in years using the numeric keypad.
4. Select the loan type: Press the appropriate loan type button (e.g., 15-year, 30-year) to indicate the loan term.
5. Calculate the loan payment: Press the "PMT" button to calculate the monthly loan payment.
6. View the amortization schedule: Press the "AMORT" button to view the loan amortization schedule. The schedule will display the monthly payment amount, principal paid, interest paid, and remaining balance for each payment period.
Please refer to the user's guide provided with the Calculated Industries 3400 Real Estate Master Calculator for more detailed instructions and examples on calculating loan amortization schedules.
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