Calculated Industries QUALIFIER PLUS IIx User Manual Download

Page: 30 / 64

Using Month Offset to Calculate Total
Principal & Interest for One Year

Your first loan payment begins in May.
How much total interest and total princi-
pal will you pay on a 30 year, $90,000
loan at 8% interest during the first year?
(First find the monthly payment to “set
up” this loan.)

Steps/Keystrokes

Display

1. Clear calculator:

[On/C] [On/C]

0.00

2. Set Month Offset to May:

5 [Set] [:]

5.00

3. Enter loan amount, interest and term,

then find the monthly payment:
90,000 [L/A]

90,000.00

8 [Int]

8.00

30 [Term]

30.00

[Pmt]

“run”

660.39

4. Enter Year 1 and find the total interest

and total principal in Year 1:
1 [Amort]

“run”

1-8

[Amort]

4,788.58

[Amort]

494.53

Note:

Return your Month Offset to 1 by

turning your calculator off then on, or by
pressing

1 [Set] [:]

. Display the Month

Offset by pressing

[Rcl] [:]

30 — Real Estate Master

IIx/Qualifier Plus

IIx

Summary of Contents for QUALIFIER PLUS IIx

Page 1: ...REAL ESTATE MASTER IIX QUALIFIER PLUS IIX For the Real Estate Professional User s Guide ...

Page 2: ...n Payment 20 Taxes Insurance PITI Payment 21 Amortization Remaining Balance27 Future Value 34 Trust Deeds Discounted Notes 35 APR Total Finance Charges 37 Odd Days Interest APR 39 Bi Weekly Loans 41 Adjustable Rate Mortgages 42 Qualifying Qualifier Plus IIx Only 46 Appendix 59 Default Settings 59 Battery Auto Shut Off 59 Error Codes 59 Warranty Repair 60 How to Reach CII Headquarters 63 TABLE OF C...

Page 3: ...e problems 3 way Mortgage Qualifying Instant P I and PITI Payments Loan Mortgage Amounts Tax and Insurance Capabilities Interest Rates Terms Built in Sales Price and Down Payment Complete Amortization Remaining Balances Balloon Payments Bi weekly Loans ARM s with Lifetime Cap Date Math Functions Future Value and Appreciation Yields Prices on Trust Deeds Notes Loan Start Month Other than January IN...

Page 4: ...orary registers Four function x percent key M Adds displayed value to Memory Pressing Set M will subtract the dis played value from Memory See Memory Functions Rcl Recalls and displays the contents of the Memory or financial registers Set Used with other keys to set or activate the function printed above the key on your calculator s face When used a small boxed S appears on the display KEY DEFINIT...

Page 5: ...on the Loan Amount and Down Payment Note Entered Sales Price values will not normally change L A Loan Amount Enters or solves for the initial loan amount or present value of a financial problem Pmt Payment Enters or solves for the periodic principal and interest P I payment Pressing twice calculates PITI including property tax insurance mortgage insur ance and expenses if entered Term Enters or so...

Page 6: ...r period range Third press shows total principal for range and final press gives remaining balance at end of range Colon Used to specify a range for amortization or to separate ARM Interest Term and Qualifying Income Debt ratio entries Also used to sepa rate values in a date entry ARM Adjustable Rate Mortgage Calculates payment and re amortizes fully or par tially amortized Adjustable Rate Mortgag...

Page 7: ...es price or loan amount are changed However if entered as a percent of sales price or loan amount these items are automatically recalculated if sales price or loan amount are changed Tax Property Tax Stores and recalls annual property tax in either percent or dollar amount Repeated presses toggle between percent and dollar values Values of 10 or less are assumed to be annual percentages Computed f...

Page 8: ...r Plus IIx only Pro Mode also changes the order that qualifying values are displayed when using the Qual 1 and Qual 2 keys by showing the lower or restrictive amount with the first press the higher or nonre strictive amount with the second press and the buyer s actual ratios with the third press The fourth press displays the stored income and debt ratios Set Change Sign Toggles the sign of a dis p...

Page 9: ...nt if loan variables and property taxes are entered First enter a tax bracket then press Set Pmt to display the annual tax deduction second press displays the monthly tax deduction third press displays the after tax payment Set Term Bi Weekly Mortgage function Converts between monthly and bi weekly loans A second press of Term while in bi weekly mode displays the total interest savings Set Int Ann...

Page 10: ...ifunction key which performs the following qualifying functions 1 Stores an Income Debt Ratio i e 28 39 Qual 1 The entered ratio will remain in storage until revised or reset defaults to 28 36 2 Finds the Maximum Loan Amount based on income and other entered values interest term taxes insurance etc when loan amount is zero 3 Finds the Minimum Income Required based on loan amount and other entered ...

Page 11: ...ssociation dues maintenance and utilities Mtg Ins Mortgage Insurance Stores and recalls annual mortgage insurance i e Private Mortgage Insurance in either percent or dollar amount If entered as a dollar amount a second press converts to annual percentage rate If entered as a percentage a second press shows the equivalent annual dollar amount The number 10 or less is assumed to be an annual percent...

Page 12: ... wish to display Set 3 0 000 Set 2 0 00 Default Set 1 0 0 Set 0 0 Set Floating Decimal Note To return to the standard two dec imal place setting press Set 2 Basic Math Both calculators use standard chaining logic This means the first value is entered then an operator then the second value then the Equal key to get your answer A 216 84 300 00 B 216 16 200 00 C 12 x 12 144 00 D 144 12 12 00 OPERATIN...

Page 13: ...M key adds the dis played value to Memory Set M sub tracts the displayed value from Memory Rcl M recalls and displays the total value in Memory Rcl Rcl displays and clears the Memory Set Rcl clears Memory without clearing the display 1 355 M Rcl Rcl 355 00 2 355 M 255 M 745 Set M Rcl Rcl 135 00 Note Set Rcl M may be used to replace any value in memory with the dis played value 1 355 M 355 00 2 500...

Page 14: ... to find a future date 2 subtract a number of days from a date to find a past date and 3 subtract one date from another date to find the number of days in between Find the number of days to calculate prepaid interest due at closing if the escrow closing date is 10 14 96 and the first payment is due 11 1 96 Steps Keystrokes Display 1 Clear calculator On C On C 0 00 2 Enter 1st payment date 11 1 96 ...

Page 15: ...e Payment 2 Financial values may be entered in any order 3 Values for Term and Interest are per manently stored in memory 4 Always press On C twice after com pleting a financial problem to ensure the financial registers are cleared 5 When solving for a financial compo nent the word run displays 6 Once an answer is calculated for example a payment you can change any variable and recompute for a new...

Page 16: ...ment 30 Term 30 00 7 75 Int 7 75 Pmt run 684 17 Finding a Term of a Loan How long does it take to pay off a loan of 15 000 at 10 interest if you make payments of 181 01 each month Steps Keystroke Display 1 Clear calculator On C On C 0 00 2 Enter loan amount interest monthly payment then find term in years 15 000 L A 15 000 00 10 Int 10 00 181 01 Pmt 181 01 Term run 11 78 3 Find periodic term Term ...

Page 17: ...nnual interest and peri odic rate 98 500 L A 98 500 00 30 Term 30 00 1 150 Pmt 1 150 00 Int run 13 78 Int 1 15 Finding a Loan Amount How much can you borrow if the cur rent interest rate is 9 75 on a 30 year term and you can pay 950 each month Steps Keystrokes Display 1 Clear calculator On C On C 0 00 2 Enter interest term and monthly pay ment Then find loan amount 9 75 Int 9 75 30 Term 30 00 950 ...

Page 18: ... calculator On C On C 0 00 2 Enter number of payments per year 4 Set Pmt Yr 4 00 To recall the currently stored number of payments press Rcl Steps Keystrokes Display 1 Clear calculator On C On C 0 00 2 Recall number of payments per year Rcl Pmt Yr 4 00 IMPORTANT Complete steps 1 and 2 below to return your calculator to 12 pay ments per year default Steps Keystrokes Display 1 Clear calculator On C ...

Page 19: ...eps Keystrokes Display 1 Clear calculator On C On C 0 00 2 Set to 4 payments per year 4 Set Pmt Yr 4 00 3 Enter loan amount 15 000 L A 15 000 00 4 Enter term in years 10 Term 10 00 5 Enter annual interest 12 Int 12 00 6 Find quarterly payment Pmt run 648 94 7 Reset to 12 payments per year 12 Set run 12 00 User s Guide 19 ...

Page 20: ...a new Sales Price or precede a Down Payment or Loan Amount entry with Set Finding L A Based on Sales Price Down Pmt Find the loan amount and dollar down payment if the Sales Price is 175 000 and you re putting 20 down Steps Keystrokes Display 1 Clear calculator On C On C 0 00 2 Enter sales price 175 000 Price 175 000 00 3 Enter down payment percent and find loan amount 20 Dn Pmt 20 00 L A 140 000 ...

Page 21: ... Price 156 250 00 4 Enter term and interest then find monthly payment 30 Term 30 00 9 Int 9 00 Pmt run 1 005 78 Taxes Insurance PITI Payment Your calculator will temporarily store Property Tax Property Insurance and Mortgage Insurance Qualifier Plus IIx only rates to allow you to compute a PITI Principal Interest Taxes Insurance payment as well as a regular P I payment These figures can be entered...

Page 22: ... based on the Loan Amount If neither Sales Price nor Down Payment has been entered the Sales Price defaults to equal the Loan Amount i e assuming a 100 loan in which case the Tax and Insurance rates are based on the entered Loan Amount Setting Tax and Insurance Rates Enter an annual property tax rate of 1 a property insurance rate of 25 and a mortgage insurance rate of 15 Steps Keystrokes Display ...

Page 23: ... Display 1 Recall Tax rate and Insurance rate Rcl Tax 1 00 Rcl Ins 0 25 2 Recall Mortgage Insurance rate Qualifier Plus IIx only Rcl Mtg Ins 0 15 Note Pressing On C On C will set Tax Ins and Mtg Ins registers to zero unless Pro Mode is activated then these become permanent entries that must be cleared by pressing Set x or re entering zeros User s Guide 23 ...

Page 24: ...insurance Steps Keystrokes Display 1 Clear calculator On C On C 0 00 2 Set Tax rate 1 Tax 1 00 3 Set Insurance rate 25 Ins 0 25 4 Enter annual interest then term in years 8 75 Int 8 75 15 Term 15 00 5 Enter sales price 125 000 Price 125 000 00 6 Enter down payment and find loan amount 5 Dn pmt 5 00 L A 118 750 00 7 Find P I and PITI payments Pmt run 1 186 85 Pmt 1 317 05 24 Real Estate Master IIx ...

Page 25: ...ear ly 350 property insurance premium Steps Keystrokes Display 1 Clear calculator On C On C 0 00 2 Set Tax figure 1 200 Tax 1 200 00 3 Set Insurance figure 350 Ins 350 00 4 Enter annual interest term in years and sales price 7 75 Int 7 75 30 Term 30 00 134 000 Price 134 000 00 5 Enter down payment then find the loan amount 15 Dn pmt 15 00 L A 113 900 00 6 Find P I and PITI payments Pmt run 815 99 ...

Page 26: ...erent tax laws etc When figuring accurate detailed tax information consult a tax specialist Steps Keystrokes Display 1 Clear calculator On C On C 0 00 2 Enter annual taxes and insurance 1 500 Tax 1 500 00 350 Ins 350 00 3 Enter annual interest term in years then loan amount 9 75 Int 9 75 30 Term 30 00 150 000 L A 150 000 00 4 Find P I and PITI payments Pmt run 1 288 73 Pmt 1 442 90 5 Enter tax bra...

Page 27: ... can find the total interest principal and remaining balance for an entire loan a range of payments years or an individual payment year for fully or partially amortized loans 1 When entering a range of payments using the Colon key all three possible outputs Interest Principal and Remaining Balance can be found without having to re enter the range each time 2 You can find Remaining Balance by enter...

Page 28: ...d in the balloon payment Neither calculator includes this While calculating the remaining balance only the remaining princi pal balance is calculated 6 If the first loan payment begins in a month other than January reset the Month Offset value to calculate the correct number of periods in the amortization range To change this setting press the month number then Set For example if the first payment...

Page 29: ...Steps Keystrokes Display 1 Turn calculator off then back on Off On C 0 00 2 Enter loan amount interest term then find monthly payment 200 000 L A 200 000 00 9 25 Int 9 25 30 Term 30 00 Pmt run 1 645 35 3 Find total number of payments Amort run 1 360 4 Find total interest paid then total prin cipal paid Amort 392 326 31 Amort 200 000 00 User s Guide 29 ...

Page 30: ...lay 1 Clear calculator On C On C 0 00 2 Set Month Offset to May 5 Set 5 00 3 Enter loan amount interest and term then find the monthly payment 90 000 L A 90 000 00 8 Int 8 00 30 Term 30 00 Pmt run 660 39 4 Enter Year 1 and find the total interest and total principal in Year 1 1 Amort run 1 8 Amort 4 788 58 Amort 494 53 Note Return your Month Offset to 1 by turning your calculator off then on or by...

Page 31: ...r calculator Off On C 0 00 2 Enter loan amount interest term and find monthly payment 175 000 L A 175 000 00 9 25 Int 9 25 30 Term 30 00 Pmt run 1 439 68 3 Display 1st payment period 1 Per Amort run 1 1 4 Find interest and principal on 1st pay ment Amort 1 348 96 Amort 90 72 5 Display 2nd payment period 2 Per Amort run 2 2 6 Find interest and principal on 2nd pay ment Amort 1 348 26 Amort 91 42 Us...

Page 32: ...ator Off On C 0 00 2 Enter loan amount 125 000 L A 125 000 00 3 Enter interest term and find monthly payment 10 25 Int 10 25 30 Term 30 00 Pmt run 1 120 13 4 Enter payment periods 1 9 1 9 Per Amort run 1 9 5 Find interest and principal Amort 9 592 93 Amort 488 21 6 Enter years 1 10 1 10 Amort run 1 120 7 Find interest and principal Amort 123 522 48 Amort 10 892 71 32 Real Estate Master IIx Qualifi...

Page 33: ...ut due and payable after 10 years What is the balloon payment remaining balance after 10 years Steps Keystrokes Display 1 Clear calculator On C On C 0 00 2 Enter the loan amount 125 000 L A 125 000 00 3 Enter interest term then find monthly payment 8 75 Int 8 75 30 Term 30 00 Pmt run 983 38 4 Find balloon remaining balance after 10 years 10 Set Amort run 111 277 99 User s Guide 33 ...

Page 34: ...ation or appreciation rate of 8 5 Set pay periods to one per year Steps Keystrokes Display 1 Clear calculator On C On C 0 00 2 Set to 1 payment per year 1 Set 1 00 3 Enter present value 200 000 L A 200 000 00 4 Enter term in years 3 Term 3 00 5 Enter appreciation rate then find the future value 8 5 Int 8 50 FV run 255 457 83 6 Set back to 12 payments per year 12 Set 12 00 34 Real Estate Master IIx...

Page 35: ...gage you are thinking about buying has the following terms and con ditions 15 years remaining 100 per month in incoming payments and you want a 25 yield or return on your investment In this case you are paying for the income stream the incoming payments and not the future value Steps Keystrokes Display 1 Turn calculator off then on Off On C 0 00 2 Enter desired yield 25 Int 25 00 3 Enter term and ...

Page 36: ...under the following terms 60 months remain ing on the term a face amount when due of 7 500 10 interest only payments of 62 50 incoming and he will sell the note for 6 500 if you buy today What would be the yield on your investment Steps Keystrokes Display 1 Clear calculator On C On C 0 00 2 Enter future value of note when due 7 500 FV 7 500 00 3 Enter purchase price remaining term payment amount t...

Page 37: ...m that is enter three known variables and solve for the fourth and 2 combine points and fees and press Set Int to solve APR Press Int a second time to display the total finance charges Press a third time to display total finance charges plus principal Note APR for non real estate loans such as auto and boat loans should not be solved using the follow ing keystrokes as methods for solving differ AP...

Page 38: ...are included Steps Keystrokes Display 1 Clear calculator On C On C 0 00 2 Enter loan amount interest and term then find monthly payment 50 000 L A 50 000 00 9 Int 9 00 30 Term 30 00 Pmt run 402 31 3 Recall loan amount and find point cost Rcl L A 50 000 00 x 1 5 750 00 4 Add fees find total 250 1 000 00 5 Find APR and total finance charges Set Int run 9 23 Int 95 832 07 38 Real Estate Master IIx Qu...

Page 39: ...ng the Annual Percentage Rate APR In solving for odd days interest you must enter the following 1 the loan amount 2 the annual interest and 3 the number of days from escrow closing to the date of the first payment Finding ODI and APR Find the monthly payment on a 100 000 loan at 8 5 annual interest and 30 year term Next find the amount of odd days interest or prepaid interest due if escrow closes ...

Page 40: ...LATOR Add the prepaid interest to the loan s points and fees if they are equal to 1 5 and 500 respectively Then find the Annual Percentage Rate APR based on these closing costs Steps Keystrokes Display 1 Store the prepaid interest in Memory M 259 72 2 Recall loan amount Rcl L A 100 000 00 3 Find point cost and fees x 1 5 1 500 00 500 2 000 00 4 Add prepaid interest stored in Memory Rcl M 2 259 72 ...

Page 41: ...ay off time Bi Weekly Term Reduction Payment Find the initial monthly payment on a 30 year 76 500 mortgage at a 10 25 annual interest rate Next convert it to a bi weekly and calculate the number of years it will take to pay off Also find the total interest savings and the bi weekly payment amount Steps Keystrokes Display 1 Clear calculator On C On C 0 00 2 Enter loan amount term in years and inter...

Page 42: ...RM function is only used for adjusted periods 2 The split Interest Term Adjustment entry for ARM should always be entered on an annual basis This value is permanently stored in memory 3 After performing an ARM calculation your permanently stored values for Term and Interest will be changed Performing an ARM alters these values 4 To calculate a decreasing ARM enter the two ARM parameters then press...

Page 43: ...ng 1 after six months then decreasing to 1 5 after an additional 12 months Steps Keystrokes Display 1 Clear calculator On C On C 0 00 2 Enter loan amount term in years and annual interest then find initial monthly payment 100 000 L A 100 000 00 30 Term 30 00 10 Int 10 00 Pmt run 877 57 3 Enter initial ARM adjustment and find increased adjusted payment 1 5 ARM 1 00 0 50 ARM run 951 83 4 Enter 2nd A...

Page 44: ...ps Keystrokes Display 1 Clear calculator On C On C 0 00 2 Enter loan amount term and annual interest 176 000 L A 176 000 00 30 Term 30 00 8 25 Int 8 25 3 Find initial monthly payment Pmt run 1 322 23 4 Enter ARM parameters and find 1st and 2nd adjusted payments 1 1 ARM 1 00 1 00 ARM run 1 445 79 ARM run 1 570 86 5 Find principle at start of year Rcl L A 173 350 16 6 Recall current interest rate th...

Page 45: ...d the initial monthly pay ment 176 000 L A 176 000 00 30 Term 30 00 8 25 Int 8 25 Pmt run 1 322 23 3 Input interest cap 4 Set CAP 4 00 4 Enter ARM parameters then Find 1st 5th adjusted payment 1 1 ARM 1 00 1 00 ARM run 1 445 79 ARM run 1 570 86 ARM run 1 697 07 ARM run 1 824 09 ARM run 1 824 09 7 Find principle at start of year recall cur rent interest rate then remaining term Rcl L A 170 198 79 R...

Page 46: ...form the following qualify ing functions 1 Store an Income Debt Ratio The entered ratio will remain in storage until revised or reset Qual 1 defaults to 28 36 and Qual 2 to 29 41 Note The Qual 2 key stores addi tional i e Government FHA VA etc Income and Debt ratios other wise it operates exactly as the Qual 1 key 2 Find the Maximum Qualifying Loan Amount based on income and other entered values i...

Page 47: ...me and other entered values Pro Mode If in Pro Mode the order in which the information displays will be differ ent 1 When calculating Annual Income Required the first press of Qual 1 or Qual 2 displays the stored ratios and the second press the Annual Income Required The third press shows the Allowable Monthly Debt 2 When calculating buyer s Actual Ratios the first press of Qual 1 or Qual 2 displa...

Page 48: ...ing Income Debt Qualifying Ratios Enter and permanently store qualify ing ratios of 28 for Income 36 for Debt Steps Keystrokes Display 1 Clear calculator On C On C 0 00 2 Set qualifying ratios 28 36 Qual 1 28 00 36 00 Recalling Income Debt Qualifying Ratios Recall stored ratios by pressing Rcl fol lowed by Qual 1 Steps Keystrokes Display 1 Clear calculator On C On C 0 00 2 Recall qualifying ratios...

Page 49: ...On C On C 0 00 2 Recall Tax rate Insurance rate and Mortgage Insurance rate Rcl Tax 0 00 Rcl Ins 0 00 Rcl Mtg Ins 0 00 3 Enter term in years annual interest and down payment 30 Term 30 00 7 5 Int 7 50 35 000 Dn Pmt 35 000 00 4 Enter annual income and monthly debts 45 000 Inc 45 000 00 500 Debt 500 00 5 Display qualifying ratios and find quali fying loan amount Qual 1 28 00 36 00 Qual 1 run 121 564...

Page 50: ...ome Debt Buyers who make 68 000 annually with 750 in long term monthly debts wish to buy a home offered at 200 000 For what loan amount can they qualify Use previously stored interest term and qualifying ratios Steps Keystrokes Display 1 Clear calculator On C On C 0 00 2 Enter annual income and monthly debts 68 000 Inc 68 000 00 750 Debt 750 00 3 Display qualifying ratios then find quali fying loa...

Page 51: ... is it based on i e buyer s income or debt What are the buyer s actual income and debt ratios Steps Keystrokes Display 1 Find nonrestrictive loan amount Qual 1 run 226 921 30 INC 2 Find actual ratios Qual 1 run 22 76 36 00 Note The INC legend tells you that the nonrestrictive side was based on the Income Ratios therefore the restrictive side was based on debts DO NOT CLEAR THE CALCULATOR User s Gu...

Page 52: ... loan amount Qual 1 run 226 921 30 INC 4 Display actual qualifying ratios Qual 1 22 76 36 00 5 Display stored ratios Qual 1 28 00 36 00 DO NOT CLEAR THE CALCULATOR Continuing on how much money will they need to put down to buy the 200 000 house Steps Keystrokes Display 1 Enter Price 200 000 Price 200 000 00 2 Find Down Payment Dn Pmt 15 507 26 3 Turn Pro Mode off Set Pro Off 52 Real Estate Master ...

Page 53: ...uyers earning 68 000 annually with 750 in monthly debts now wish to buy a lower priced home and are willing to put 20 000 down If you include estimated annual property taxes of 1 insurance of 0 5 and a mortgage insurance rate of 0 25 what loan amount can they now qual ify for Again use previously stored 7 5 interest 30 year term and quali fying ratios of 28 36 Steps Keystrokes Display 1 Clear calc...

Page 54: ...erm 30 00 7 Display qualifying ratios Qual 1 28 00 36 00 8 Find qualifying loan amount Qual 1 run 149 695 67 9 Find Price Price 169 695 67 DO NOT CLEAR THE CALCULATOR Now find the monthly payment and PITI payment based on the entered tax and insurance Steps Keystrokes Display 1 Find P I payment Pmt run 1 046 69 2 Find PITI payment Pmt 1 290 00 54 Real Estate Master IIx Qualifier Plus IIx ...

Page 55: ...onal loan can he qualify for if using 28 36 ratios What size government loan if using 29 41 ratios Use Qual 1 for conventional qualifying Qual 2 for government qualifying Find the month ly payment for each Steps Keystrokes Display 1 Clear calculator On C On C 0 00 2 Enter annual income and monthly debts 36 000 Inc 36 00 00 500 Debt 500 00 3 Enter monthly housing expenses then interest and term 50 ...

Page 56: ... P I payment then total payment Pmt 530 00 Pmt 580 00 DO NOT CLEAR THE CALCULATOR Steps Keystrokes Display 1 Find Qual 2 stored ratios Qual 2 29 00 41 00 2 Find Qual 2 qualifying loan amount Qual 2 run 99 680 98 3 Find Qual 2 P I payment then total payment Pmt 680 00 Pmt 730 00 56 Real Estate Master IIx Qualifier Plus IIx ...

Page 57: ...okes Display 1 Clear calculator On C On C 0 00 2 Enter annual interest 8 Int 8 00 3 Enter term in years then enter sales price 30 Term 30 00 245 000 Price 245 000 00 4 Enter down payment percent and find loan amount 20 Dn Pmt 20 00 L A 196 000 00 5 Display qualifying ratios find income required and maximum allowable monthly debts Qual 1 28 00 36 00 Qual 1 run 61 636 22 Qual 1 run 410 91 User s Gui...

Page 58: ...t for 30 years Steps Keystrokes Display 1 Clear calculator On C On C 0 00 2 Enter interest term loan amount and annual income 10 Int 10 00 30 Term 30 00 150 000 L A 150 000 00 85 000 Inc 85 000 00 3 Enter monthly debts and expenses 1 000 Debt 1 000 00 300 Exp 300 00 4 Display stored ratios then calculate actual ratios Qual 1 28 00 36 00 Qual 1 run 22 82 36 94 Note Subsequent presses of the Qual 1 ...

Page 59: ...approximately 800 hours of actual use 1 year plus for most people If the display becomes weak or erratic replace the battery After 8 12 minutes of non use your calculator shuts itself off If this happens values in Memory or on the display are cleared Press any key to clear an error Error Codes Error 1 Number to large for display Error 2 Attempt to Divide by Zero Error 3 Time Value of Money Error E...

Page 60: ... RANTY INCLUDE BUT ARE NOT LIMITED TO BAT TERY LEAKAGE BENDING OR VISIBLE CRACKING OF THE LCD WHICH ARE PRESUMED TO BE DAM AGES RESULTING FROM MISUSE OR ABUSE To obtain warranty service in the U S ship the product postage paid to the CII Authorized Service Provider listed on the back page of the User s Guide Please pro vide an explanation of the service require ment your name address day phone num...

Page 61: ...e for goods purchased out side the U S contact the dealer through which you initially purchased the product If you cannot reasonably have the product repaired in your area you may contact CII to obtain current product repair information and charges including freight and duties Disclaimer CII MAKES NO WARRANTY OR REPRESEN TATION EITHER EXPRESS OR IMPLIED WITH RESPECT TO THE PRODUCT S QUALITY PER FO...

Page 62: ... or consequential damages so the above limitation or exclusion may not apply to you This warranty gives you spe cific rights and you may also have other rights which vary from state to state FCC Class B This equipment has been certified to comply with the limits for a Class B computing device pursuant to Subpart J of Part 15 of FCC rules Looking for New Ideas Calculated Industries a leading manu f...

Page 63: ...CII Headquarters User s Guide 63 Mail Calculated Industries Inc 4840 Hytech Drive Carson City NV 89706 USA Phone 1 775 885 4900 Fax 1 775 885 4949 Email techsup calculated com World Wide Web http www calculated com ...

Page 64: ...alculated Industries are registered trademarks of Calculated Industries Inc 2000 ALL RIGHTS RESERVED Software copyrighted and licensed to Calculated Industries by Real Estate Master Technologies LLC 2000 Printed in Indonesia Manual 3125 UG B ...

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