Calculated Industries 3442 - Manual (Page 36)

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Recalling Tax and Insurance % Rates
Recall your stored rates:
STEPS KEYSTROKES DISPLAY
Recall tax rate ® 7 1.50
Recall insurance rate ® 8 0.25
Recall mortgage ins. rate ® 9 0.50
Note: To change these values, simply enter new ones. Or, turn the calculator off then
on, and the values will be cleared, unless they are programmed to hold under
Preference Settings.
Setting Tax and Insurance $
Enter annual property taxes estimated at $5,500, property insurance
at $350 and mortgage insurance at $600:
STEPS KEYSTROKES DISPLAY
Set annual taxes 5 5 0 0 s 7 5,500.00
Set annual prop. insurance 3 5 0 s 8 350.00
Set annual mortgage ins. 6 0 0 s 9 600.00
Note: Again, to review stored values, press ® and the applicable key (e.g., ® 7 ).
Calculating Tax and Insurance % or $
If loan variables are entered in addition to tax and insurance per-
centage rates or dollar values, the respective dollar values or per-
centage rates can be viewed by simply pressing the applicable keys
a second time. For example, enter an annual property tax rate of
1.5%, a property insurance rate of 0.25% and a mortgage insurance
rate of 0.50%. Then enter a sales price of $250,000, 10% down, a
term of 30 years and an interest rate of 8%. Calculate the loan, pay-
ments and annual tax and insurance
dollar amounts , or premiums:
STEPS KEYSTROKES DISPLAY
Clear calculator o o 0.00
Enter prop. tax rate 1 • 5 s 7 1.50
Enter insurance rate • 2 5 s 8 0.25
Enter mortgage ins. rate • 5 s 9 0.50
Enter price 2 5 0 ) P 250,000.00
Enter down payment % 1 0 d 10.00
Enter term 3 0 T 30.00
(Cont’d)