Calculated Industries 3416 User Guide - Manual (Page 19)

14 — M
ORTGAGE
Q
UALIFIER
P
LUS
®
Reduction in Listing Price (Discount %)
A nervous seller has had her property on the market for just over
four months listed at $175,500. Because she is anxious to move into
a new home, she wishes to reduce the listing price by 5%. Calculate
both the amount of reduction in dollars and the new, lowered listing
price.
STEPS KEYSTROKES DISPLAY
Clear calculator o o 0.00
Enter sales price 1 7 5 5 0 0 175,500.
Subtract 5% – 5 % 8,775.00
Find new listing price = 166,725.00
Simple, One-Year Home Appreciation (Add-on %)
Properties in your area have been going up in value about 6% per
year. If you purchase a $275,000 home today, what will it be worth in
one year, assuming the same rate of appreciation continues?
STEPS KEYSTROKES DISPLAY
Clear calculator o o 0.00
Enter current value 2 7 5 ) 275,000.
Add 6% + 6 % 16,500.00
Find appreciated value = 291,500.00
Note: See Future Value or Appreciation section for more examples.