Calculated Industries 3420 User Guide User Manual

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2 — Q

UALIFIER

LUS

III

GETTING STARTED ..........................................................................6

KEY DEFINITIONS .........................................................................6

Basic Operation Keys ..................................................................6
Mortgage/Time-Value-of-Money Keys..........................................7
Qualifying Keys ..........................................................................10
U.S. Keys (Used in U.S. Mode) .................................................13

CALCULATOR SETTINGS ...........................................................15

Decimal Place Selection ............................................................15
Canadian/U.S. Mode..................................................................16
Preference Settings ...................................................................17

MEMORY ......................................................................................19

Accumulative Memory

.........................................................19

Memory Storage Keys (M0-M6).................................................20

BASIC ARITHMETIC EXAMPLES ................................................22

Arithmetic ...................................................................................22
Percentage Calculations ............................................................22
Percent Change .........................................................................22
Figuring Straight % Commission ...............................................23
Reduction in Listing Price (Discount %) ....................................23
Simple, One-Year Home Appreciation (Add-on %)....................23

USING THE DATE FUNCTION.....................................................24

EXAMPLES —

CANADIAN MODE .................................................25

MORTGAGE/TIME-VALUE-OF-MONEY (TVM)............................25

Finding the Monthly Mortgage Payment ....................................26
Finding the Term of a Mortgage.................................................26
Paying Off a Mortgage Early (Making Larger Payments) ..........27
Finding the Interest Rate ...........................................................27
Finding the Interest-Only Payment ............................................27
Finding the Mortgage Amount....................................................28
Non-Monthly Loans ....................................................................28
Finding a Quarterly Payment .....................................................29
Bi-Weekly Loans ........................................................................29
Bi-Weekly Term Reduction and Payment ..................................30
Sales Price/Down Payment .......................................................30
Finding Mortgage Amount Based on Sales Price and

Down Payment .......................................................................31

Finding Sales Price and Payment Based on Loan Amount and

Down Payment .......................................................................31

Finding Loan-to-Value (LTV) Based on Down Payment and

Sales Price..............................................................................31

Setting Property Tax % Rate......................................................32

TABLE OF CONTENTS

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