Calculated Industries 3416 User Guide - Manual (Page 31)

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ORTGAGE
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UALIFIER
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LUS
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Future Value
Given any four components to a problem that includes a future
value, you can calculate the fifth.
Appreciation
You purchased a home for $350,000 and want to know its value in 3
years, figuring an inflation or appreciation rate of 6%.
(Set periods to
one per year.)
STEPS KEYSTROKES DISPLAY
Clear calculator o o 0.00
Set to 1 payment/year 1 s ÷ 1.00
Enter present value* 3 5 0 ) l 350,000.00
Enter term in years 3 T 3.00
Enter appreciation rate 6 ˆ 6.00
Find future value** s l “run” 416,855.60
Return to 12 payments/year 1 2 s ÷ 12.00
* Present Value (PV) = original purchase price; enter as l
** Future Value (FV) = s l