Calculated-industries 3401 Manuale Utente

USER’SGUIDEResidential Mortgage Finance CalculatorModel 3401

USER’S GUIDE - 8Interest–Only Payment (Entry)How much can you borrow if the interest rateis 7% on a 30-year interest–only mortgage and you can afford

KEYSTROKE DISPLAYo o 0.001 8 0 0 0 0 l 180,000.007 ˆ 7.003 0 T 30.00p 1,197.54a(Range of Payments)1-360a(Total Interest)251,116.02a(Total Principal)18

USER’S GUIDE - 10Total Interest, Principal and Remaining Balance - for Range of YearsHow much Total Interest and Principal willyou pay in years 1-5 on

Trust Deed/Purchase Price of a Note - Fully AmortizedYou’d like to buy a mortgage with 15 years remaining, $100 per month in incoming payments and you

Date ExamplesIf a 45-day escrow begins April 26, 2007, whatis the closing date?KEYSTROKE DISPLAYo o 0.004 • 2 6 • 0 7 4-26-07+ 4 5 45.= 06-10-07Your e

USER’S GUIDE - 13ResetIf your calculator should ever “lock up,” press Reset - a small hole located on the back of the calculator - using the end of a

Warranty, Repair and Return InformationReturn Guidelines:1. Please read the Warrantyin thisUser's Guide to determine if yourCalculated Industries

Calculated Industries ("CI") warrants this product againstdefects in materials and workmanship for a period of one(1) year from the date of

USER’S GUIDE - 16To obtain warranty or non-warranty repair service forgoods purchased outside the U.S., contact the dealerthrough which you initially

FCC Class BThis equipment has been certified to comply withthe limits for a Class B calculating device, pur-suant to Subpart J of Part 15 of FCC rules

TABLE OF CONTENTSKey Definitions ...1Mortgage/TVM Keys ...2Date Ke

Software copyrighted and licensed toCalculated Industries, by Real Estate MasterTechnologies, LLC, 2006.User’s Guide copyrighted by Calculated Industr

o - On/Clear KeyTurns power On. Pressing once clears thedisplay. Pressing twice clears all temporaryvalues.O - Off Turns power Off, clearing all non-p

Mortgage/TVM (Time Value of Money) Keysl - Loan Amount or Present ValueEnters or solves for the initial Loan Amount or Present Value of a financial pr

s + - PeriodicUsed with other function keys todesignate a value as Periodic rather thanannual (e.g., 3 6 s + T).Note: Interest and Term are stored per

USER’S GUIDE - 4Payments per YearThe calculator is set to monthly loans, or 12 Payments per Year (P/Yr). To change to other than 12 Payments per Year,

USER’S GUIDE - 5Memoryµ - Store value in semi-permanent Memory(e.g., 1 5 0 µ ).s µ - Recall Memory value (e.g., if 1 5 0 has been stored in Memory, pr

USER’S GUIDE - 6Monthly PaymentFind the Monthly Payment on a 30-year loanof $220,000 at 7.5% annual interest rate. KEYSTROKE DISPLAYo o 0.002 2 0 0 0

USER’S GUIDE - 7KEYSTROKE DISPLAYo o 0.001 5 5 0 0 0 l 155,000.003 0 T 30.001 1 0 0 p 1,100.00ˆ 7.65What is the periodic interest?KEYSTROKE DISPLAYˆ 0