Calculated Industries 43285 - Manual (Page 15)

Mortgages & Real Estate Loans
1. The financial functions — L/A, Pmt, Int, Term — work just
like you would say them. For example, if you wanted to
borrow $100,000 for 30 years at 10% interest, just enter
those three known variables and press the key for the
unknown fourth variable: Payment.
2. Financial values may be entered in any order you want.
3. Values for Term and Interest are permanently stored in
memory.
4. It is a good practice to press [ON/C] twice after completing
a financial problem to ensure that you have cleared volatile
financial registers.
5. When solving for a financial component, the calculator will
display the word “run” in the display. Solving for interest
may take several seconds (up to 15) while the word “run”
displays.
6. Once you have calculated an answer, for example, a pay-
ment, you can then go back and change any variable and
recalculate your new answer without re-entering all the
other data.
Finding a Monthly Loan Payment
Find the monthly payment on a 30-year loan of $95,500 at
7.75% annual interest rate.
Steps Keystrokes Display
Clear calculator [On/C] [On/C] 0.00
Enter loan amount 95,500 [L/A] 95,500.00
Enter term 30 [Term] 30.00
Enter interest 7.75 [Int] 7.75
Find monthly payment [Pmt] “run” 684.17
U
SING YOUR
Q
UALIFIER
P
LUS
® II
X
DT
14 – Qualifier Plus ® IIx DT