Calculated Industries 3420 User Guide - Manual (Page 25)

24 — Q UALIFIER P LUS ® III X
USING THE DATE FUNCTION
Using the : key, you can quickly solve common real estate date
problems: escrow or closing dates, listing expiration dates, and the
number of days prepaid interest, etc. You enter a date as follows:
Numerical Month
: , Numerical Day : , and Numerical Year.
The date function lets you: 1) add a number of days to a date to find
a second date (in the future), 2) subtract a number of days from a
date to find a second date (in the past), and, 3) subtract one date
from another date to find the number of days in between.
For example, if a 45-day escrow begins September 19, 2004, what
is the closing date and day?
STEPS KEYSTROKES DISPLAY
Clear calculator o o 0.00
Enter month 9 : 9-
Enter day 1 9 : 9-19-
Enter year 0 4 9-19-04
Add 45 days + 4 5 = WED 11-03-04
Find the number of days to calculate prepaid interest due at closing,
if the escrow closing date is 11/14/04 and the first payment is due
12/1/04.
STEPS KEYSTROKES DISPLAY
Clear calculator o o 0.00
Enter 1st payment date 1 2 : 1 : 0 4 12-1-04
Subtract closing date to
find number of days – 1 1 : 1 4 : 0 4 = 17.00
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