Calculated Industries 3420 User Guide - Manual (Page 3)

2 — Q UALIFIER P LUS ® III X
GETTING STARTED ..........................................................................6
KEY DEFINITIONS .........................................................................6
Basic Operation Keys ..................................................................6
Mortgage/Time-Value-of-Money Keys..........................................7
Qualifying Keys ..........................................................................10
U.S. Keys (Used in U.S. Mode) .................................................13
CALCULATOR SETTINGS ...........................................................15
Decimal Place Selection ............................................................15
Canadian/U.S. Mode..................................................................16
Preference Settings ...................................................................17
MEMORY ......................................................................................19
Accumulative Memory µ .........................................................19
Memory Storage Keys (M0-M6).................................................20
BASIC ARITHMETIC EXAMPLES ................................................22
Arithmetic ...................................................................................22
Percentage Calculations ............................................................22
Percent Change .........................................................................22
Figuring Straight % Commission ...............................................23
Reduction in Listing Price (Discount %) ....................................23
Simple, One-Year Home Appreciation (Add-on %)....................23
USING THE DATE FUNCTION.....................................................24
EXAMPLES — CANADIAN MODE .................................................25
MORTGAGE/TIME-VALUE-OF-MONEY (TVM)............................25
Finding the Monthly Mortgage Payment ....................................26
Finding the Term of a Mortgage.................................................26
Paying Off a Mortgage Early (Making Larger Payments) ..........27
Finding the Interest Rate ...........................................................27
Finding the Interest-Only Payment ............................................27
Finding the Mortgage Amount....................................................28
Non-Monthly Loans ....................................................................28
Finding a Quarterly Payment .....................................................29
Bi-Weekly Loans ........................................................................29
Bi-Weekly Term Reduction and Payment ..................................30
Sales Price/Down Payment .......................................................30
Finding Mortgage Amount Based on Sales Price and
Down Payment .......................................................................31
Finding Sales Price and Payment Based on Loan Amount and
Down Payment .......................................................................31
Finding Loan-to-Value (LTV) Based on Down Payment and
Sales Price..............................................................................31
Setting Property Tax % Rate......................................................32
TABLE OF CONTENTS
3420UG-E-A 7/2/04 9:06 AM Page 2