Calculated Industries 3423 User Manual
Page 36
U
SER
’
S
G
UIDE
— 31
(Cont’d)
2.
You can also find Remaining Balance using the
s a
key by
specifying a year or range of years, period or range of periods.
For example, to find the remaining balance after the 10th year,
press
1 0 s a
; to find the remaining balance after the
10th period, press
1 0 s b s a
.
3.
Entered ranges are inclusive, so that a range of 1 to 5 would
include both year 1 and year 5.
4.
Entering a numerical value or performing a math operation on
the keyboard will alter the values (including the default settings)
for range of payments calculations. It is therefore best to specify
a range of payments or individual payment before you calculate
any of the above.
5.
In some cases, it is the practice to include a final, regular P&I
payment with the “balloon payment.” This calculator will not
include that in the internal calculation of remaining balance; it
will only display the actual principal balance remaining.
6.
If the first payment of a mortgage begins in a month other than
January, you can set that month by using the Month Offset func-
tion. The default for this setting is 1 (for January). To change the
start month, press the month number, then the
s
and
)
keys. This allows you to calculate the correct number of periods
in the amortization range. For example, if the first payment of a
mortgage begins in April, the value stored in the month offset
would be 4 (
4 s )
). If requesting amortization values for
year one (
1 a
), the amortization of periods 1-9 would be dis-
played. Year two (
2 a
) would display values for periods 10-
21. Turning your calculator off and back on returns the Month
Offset to 1 (January).
Note: If you have changed your Month Offset, be sure to return it to 1 (e.g.,
1
s )
) before proceeding to the next problem.
7. Your calculator automatically advances to the Next Amortization
Range or Period after the initial sequence is complete, upon
repeated presses of
a
.
This saves you from entering the next
range or period each time.