Calculated Industries 3420 User Guide - Manual (Page 9)

8 — Q UALIFIER P LUS ® III X
T Enters or solves for the number of years. Second
press gives the number of periods. An entered term
greater than 45 will be classified as periodic, not
annual.
Note: Stored permanently, until you change it or perform a Clear
All ( s x ). You may enter a periodic term, if you prefer, by
pressing the π key prior to pressing T (e.g., 3 0 0 π
T instead of 2 5 T ).
ˆ Interest — Enters or solves for the annual interest
rate. Second press gives the periodic rate.
Note: Stored permanently, until you change it.
s l Future Value — Enters or solves for the future
value of a financial problem.
P Sales Price — Enters or calculates Sales Price
based on the entries of Mortgage Amount (or equiv-
alent mortgage components) and Down Payment.
Note: An entered Sales Price will not normally change.
d Down Payment — Enters (in either percent or dol-
lars) or calculates Down Payment, based on the
entries of Mortgage Amount (or equivalent mortgage
components) and Sales Price. A second press
changes the entered down payment from a dollar
figure to a percent, or vice versa.
Note: Any number under 100 is assumed to be a percent down
payment. You do not have to label the value as a percent.
s d Loan-to-Value (LTV) — Calculates the Loan-to-
Value percent when a Down Payment and Sales
Price, Mortgage Amount/Down Payment, or
Mortgage Amount/Sales Price are entered. Also cal-
culates the above dollar values if an LTV percent
and one of the above values are entered (e.g.,
entered Sales Price and LTV% will calculate Down
Payment and Mortgage Amount).
π Periodic — Used to specify a mortgage component
(Term or Interest) or Amortization/Remaining
Balance value as periodic rather than yearly. For
example,
3 0 0 π T enters 300 periods. Also
used to identify Periodic Income, Tax Insurance, and
Mortgage Insurance.
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