Calculated Industries 43285 - Manual (Page 8)

[Set] [+] Pro-Mode — Activates Pro-Mode. An advanced-
user feature, it changes Tax and Insurance, and
Mortgage Insurance keys from temporary to
permanent entries. That is, entered values will
remain set even after pressing [On/C] [On/C] or
turning calculator off, then on. The Pro-Mode
also changes the order that qualifying values are
displayed using the [Qual 1] and [Qual 2] keys,
by showing the lower, or restrictive amount with
the first press, the higher, or non-restrictive
amount with the second press, the buyer’s actu-
al ratios with the third press, and the stored
income and debt ratios with the fourth.
[Set] [–] Change sign — Toggles the sign of the dis-
played value from positive to negative or from
negative to positive.
[Set] [:] Month Offset — Used to set the first month of
payment if other than January. Used for calcu-
lating annual amortization ranges.
[Set] [000] Odd Days Interest — Calculates the pre-paid
interest, or simple interest accumulated (based
on a 360 day year) during the days before the
first loan payment is made using the interest rate
stored in the Interest register.
[Set] [Pmt] Estimated After-Tax Payment — Calculates an
estimated “after-tax” payment if loan variables
and property taxes are entered. You must enter
a tax bracket, then press [Set] [Pmt] to display
the annual tax deduction; second consecutive
press will display the monthly tax deduction;
third press will display the “after-tax” payment.
[Set] [Term] Bi-Weekly mortgage function — Converts regu-
lar monthly loan to bi–weekly. Pressing [Set]
[Term] displays the reduction in term. Second
press of [Term] shows total interest savings.
7 – User’s Guide