Calculated Industries 3420 User Guide - Manual (Page 33)

32 — Q UALIFIER P LUS ® III X
Setting Property Tax % Rate
Enter an annual property tax rate of 1.5%
STEPS KEYSTROKES DISPLAY
Set Tax rate 1 • 5 t 1.50
Clear display o o 0.00
Recall Tax rate ® t 1.50
Setting Property Tax $
Enter annual property taxes estimated at $2,500, then clear.
STEPS KEYSTROKES DISPLAY
Set annual Taxes 2 5 0 0 t 2,500.00
Clear Tax 0 t 0.00
PITH Payment (Including Heating Expense)
Find the PITH payment on a 25-year, 7.63% mortgage if the home’s
selling price is $178,000 and the down payment is 5%. Monthly
heating cost is estimated at $150.
STEPS KEYSTROKES DISPLAY
Clear calculator o o 0.00
Enter Term in years 2 5 T 25.00
Enter annual Interest 7 • 6 3 ˆ 7.63
Enter sales Price 1 7 8 ) P 178,000.00
Enter Down Payment 5 d 5.00
Add mo. heating Expense 1 5 0 e 150.00
Find Mortgage Amount l 169,100.00
Find P&I Payment p “run” 1,250.90
Find PITH/total Payment p p 1,400.90
3420UG-E-A 7/2/04 9:06 AM Page 32