Calculated Industries 43285 User Manual

Calculated Industries 43285 User Manual Manual pdf 17 page image

Non-Monthly Loans & Payments Per YearMost residential real estate loans are paid off monthly. However, ifyou have a non-monthly loan, you must change your number ofpayments per year using a two-key sequence: [Set] [÷]. For exam-ple, here’s how to set your calculator to four payments per year.Steps Keystrokes DisplayClear calculator [On/C] [On/C] 0.00Enter # of payments/year 4 [Set] [÷] 4.00To recall the currently stored number of payments:Steps Keystrokes DisplayClear calculator [On/C] [On/C] 0.00Recall # of payments/year [Rcl] [÷] 4.00IMPORTANT: To return the payments per year to the default value of12, you must do the following steps (or perform an All-Clear [Set] [x]).Steps Keystrokes DisplayClear calculator [On/C] [On/C] 0.00Enter # of payments/year 12 [Set] [÷] 12.00Finding a Quarterly PaymentFind the quarterly payment on a 10-year loan of $15,000 withan annual interest rate of 12%.Steps Keystrokes DisplayClear calculator [On/C] [On/C] 0.00Set to 4 payments/year 4 [Set] [÷] 4.00Enter loan amount 15,000 [L/A] 15,000.00Enter term in years 10 [Term] 10.00Enter annual interest 12 [Int] 12.00Find quarterly payment [Pmt] “run” 648.94Reset to 12 payments/year 12 [Set] [÷] “run” 12.0016 – Qualifier Plus® IIx DT