Calculated Industries 43285 User Manual

Calculated Industries 43285 User Manual Manual pdf 15 page image

Mortgages & Real Estate Loans1. The financial functions — L/A, Pmt, Int, Term — work justlike you would say them. For example, if you wanted toborrow $100,000 for 30 years at 10% interest, just enterthose three known variables and press the key for theunknown fourth variable: Payment.2. Financial values may be entered in any order you want.3. Values for Term and Interest are permanently stored inmemory.4. It is a good practice to press [ON/C] twice after completinga financial problem to ensure that you have cleared volatilefinancial registers.5. When solving for a financial component, the calculator willdisplay the word “run” in the display. Solving for interestmay 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 andrecalculate your new answer without re-entering all theother data.Finding a Monthly Loan PaymentFind the monthly payment on a 30-year loan of $95,500 at7.75% annual interest rate.Steps Keystrokes DisplayClear calculator [On/C] [On/C] 0.00Enter loan amount 95,500 [L/A] 95,500.00Enter term 30 [Term] 30.00Enter interest 7.75 [Int] 7.75Find monthly payment [Pmt] “run” 684.17USING YOUR QUALIFIER PLUS® IIX DT14 – Qualifier Plus® IIx DT