Calculated Industries 3423 - Manual (Page 16)

U
SER
’
S
G
UIDE
— 11
Canadian / U.S. Mode
Your calculator is factory-set to Canadian (Interest) Mode. If you need
to calculate loan problems using U.S. interest, you must change the
calculator to U.S. (Interest) Mode. To easily switch your calculator from
Canadian Mode to U.S. Mode, press the
s and then the + key.
Pressing s + also allows you to toggle between Canadian
Interest and U.S. Interest calculations. In other words, you may
switch from Canadian Interest to U.S. Interest, or vice versa, by
repeating the keystrokes
s + .
Note: While converting to Canadian Interest Mode via s + , the letters “CDN” will
appear and will also be displayed when the ˆ key is pressed. While converting to
U.S. Mode, the letters “USA” will appear and will also be displayed when the ˆ key
is pressed. If you’re unsure what mode you’re in, press ® ˆ to see if “CDN” or
“USA” is displayed.
Canadian Mode performs the following:
• Allows entry of Canadian interest rates.
• Enables Effective Interest Rate (Eff%) calculations.
• Disables selected U.S.-only functions (APR, Interest-Only
Payments and U.S. Mortgage insurance).
U.S. Mode performs the following:
• Allows entry of U.S. interest rates.
• Enables selected U.S.-only functions (APR, Interest-Only
Payments, Interest-Only Qualifying and U.S. Mortgage
insurance).