Calculated Industries 3416 User Guide - Manual (Page 20)

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Date Examples
Using the : key, you can quickly solve common real estate date
problems: escrow or closing dates, listing expiration dates, and the
number of days prepaid interest, etc. You enter a date as follows:
Numerical Month
: Numerical Day : and two-digit Numerical Year.
The date function lets you: 1) add a number of days to a date to find
a second date (in the future), 2) subtract a number of days from a
date to find a second date (in the past), and, 3) subtract one date
from another date to find the number of days in between. For exam-
ple, if a 45-day escrow begins April 26, 2004, what is the closing
date and day?
STEPS KEYSTROKES DISPLAY
Clear calculator o o 0.00
Enter month 4 : 4-
Enter day 2 6 : 4-26-
Enter year 0 4 4-26-04
Add 45 days + 4 5 = THU 06-10-04
Find the number of days to calculate prepaid interest due at closing,
if the escrow closing date is 10/14/03 and the first payment is due
11/1/03.
STEPS KEYSTROKES DISPLAY
Clear calculator o o 0.00
Enter 1st payment date 1 1 : 1 : 0 3 11-1-03
Subtract closing date to
find number of days – 1 0 : 1 4 : 0 3 = 18.00