36 — Q
UALIFIER
P
LUS
®
III
FX
(Cont’d)
6.
If the first payment of a loan begins in a month other than
January, you can use the Month Offset function. The default for
this setting is 1 (for January). To change the start month from
January, enter the month number (e.g., 2 for February), then the
s
and
)
keys. This allows you to calculate the correct
number of periods in the amortization range. As another example,
if the first payment of a loan begins in April, the value stored in
the month offset would be 4 (press
4 s )
). If requesting
amortization values for year 1 (press
1 a
), the amortization
of periods 1-9 would be displayed. Year 2 (press
2 a
) would
display values for periods 10-21. Turning your calculator off and
back on returns the Month Offset to 1 (January).
Note: If you have changed your Month Offset, be sure to return it to 1 (e.g,
1
s )
) before proceeding to the next problem.
7. A useful new feature is that your calculator will also display an
estimated
Mortgage Interest Tax Deduction at the end of the
amortization value list (after remaining balance is displayed), if a
tax bracket is also entered via
s +
(Tax Brkt%)
.
Note: If a tax bracket percent is not entered, the calculator will use the default of
28%, displayed upon
® +
.
8. Your calculator automatically advances to the
next
Amortization
Range or Period after the initial sequence is complete, upon
repeated presses of
a
. This saves you from entering the next
range or period each time.
