Calculated Industries 3442 - Manual (Page 23)

18 — M
ORTGAGE
Q
UALIFIER
P
LUS
®
P X2
Preference Settings
Your calculator has a Preference Mode, which allows you to program
the calculator to various settings. For example, it lets you store cer-
tain values permanently, display certain values, or show values in a
specific order.
To access the Preference Mode, press s , then = , then keep
pressing = to toggle through the settings listed below. Press the +
key to advance through the sub-settings. Use the – key to back up
within the sub-settings.
The five P-A-P Loan Preference Settings allow you to select
between one and 15 years for Recasting (a) zero-month, (b) one-
month, (c) three-month, (d) 12-month, and (e) 36-month P-A-P
loans. A sixth Preference Setting for recasting all other P-A-P loans
that have a start month not identified by the other five Preference
Settings (e.g., five-month start) is also included to allow for greater
flexibility when calculating P-A-P loans.
To return the calculator to its default, or factory-set Preference
Settings, perform a total Reset (see page 82).
After s ,
Keep Description
Pressing (Press + to Advance
= : Display within each category, – to Back up):
1 Decimal Places
- DEC Hold Entry —
Permanently sets number of
decimal places.
(Default)
- DEC OFF 0.00 — Clears decimal place setting/resets
to 0.00 at
O .
2 Payments Per Year
- P/Y OFF 12.00 —
Resets to 12.00 at O . (Default)
- P/Y Hold Entry — Permanently sets pmts/year.
3 Insurance Calculation
- INS USE PRICE —
Insurance calculation is based on
price.
(Default)
- INS USE LOAN — Insurance calculation is based on
the loan amount.
(Cont’d)