Calculated Industries Qualifier Plus IIIx Guía de usuario descargar pdf (Pagina 30)

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Non-Monthly Loans

Most residential real estate loans are based on a monthly payment

schedule. However, if you have a non-monthly loan, you must

change the number of payments per year using a two-key sequence:

s ÷. For example, here's how to set your calculator to four pay-

ments per year.

STEPS KEYSTROKES DISPLAY

Clear calculator o o 0.00

Enter # of payments/year 4 s ÷ 4.00

To recall the currently stored number of payments:

STEPS KEYSTROKES DISPLAY

Clear calculator o o 0.00

Recall # of payments/year ® ÷ 4.00

IMPORTANT: To return payments per year to the default value

of 12, perform the following steps:

STEPS KEYSTROKES DISPLAY

Clear calculator o o 0.00

Enter # of payments/year 1 2 s ÷ 12.00

Finding a Quarterly Payment

Find the quarterly payment on a 10-year loan of $15,000 with an

annual interest rate of 12%.

STEPS KEYSTROKES DISPLAY

Clear calculator o o 0.00

Set to 4 payments/year 4 s ÷ 4.00

Enter loan amount 1 5 ) l 15,000.00

Enter term in years 1 0 T 10.00

Enter annual interest 1 2 ˆ 12.00

Find quarterly payment p “run” 648.94

Reset to 12 payments/year 1 2 s ÷ “run” 12.00

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Calculated Industries Qualifier Plus IIIx Guía de usuario Pagina 30