Calculated-industries 3423 Manuel d'utilisateur

QUALIFIERPLUS®4XADVANCED REAL ESTATE FINANCE CALCULATORwith CASH FLOW and BUILT-IN CANADIAN INTEREST MODEModel 3423Pocket Reference GuideCANADIAN

Preference Mode s = Preference Mode (seeUser’s Guide for details)Allows you to select special settings. Toaccess, first press s and then the =key. Tog

POCKET REFERENCE GUIDE — 7Memory FunctionsPressing the µ key adds the displayedvalue to cumulative Memory. s µ sub-tracts the displayed value from cum

POCKET REFERENCE GUIDE — 8Setting Decimal PlacesYou can use the s key to select thenumber of decimal places displayed.(Values are rounded using 5/4 ro

Convert 20 Feet to Meters.STEPS KEYSTROKES DISPLAYClear o o 0.00Enter 20 Feet 2 0 20.Find numberof Meters s w MET 6.096Convert 10 Square Meters to S

Date FunctionUsing the : key, you can quickly solvecommon real estate date problems: escrowor closing dates, listing expiration dates,and the number o

POCKET REFERENCE GUIDE — 11See page 5 for instructions to return yourcalculator to Canadian Mode if your calcu-lator does not display the letters “CDN

POCKET REFERENCE GUIDE — 12(Cont’d)• Once an answer is calculated (for exam-ple, a payment) you can change anyvariable and recompute for a newanswer w

POCKET REFERENCE GUIDE — 13Mortgage AmountApproximately how much can you borrow ifthe interest rate is 7.5% on a 25-year mort-gage and you can afford

POCKET REFERENCE GUIDE — 14(Cont’d)Effective Interest RateWhat is the Effective Interest Rate?STEPS KEYSTROKES DISPLAYFind EffectiveRate (Eff%) s ˆ 7.

Total (PITH) Payment • Term: 25 years• Interest: 7% • Sales Price: $198,000• Down Payment: 5%• Property Tax: 1.3%• Monthly heating expense:

The CANADIAN QUALIFIER PLUS 4Xcalculatorlets you perform mortgage qualifying andfinancial problems with ease! Quickly Solve:• Time-Value-of-Money (TVM

POCKET REFERENCE GUIDE — 16Quarterly PaymentFind the quarterly payment on a ten year,12%-interest loan of $15,000. STEPS KEYSTROKES DISPLAYClear o o 0

Sales Price Based on Mortgage Amountand Percent Down PaymentFind sales price if the mortgage amount is$150,000, down payment 5%, term 25years and inte

POCKET REFERENCE GUIDE — 18Canadian Mortgage InsuranceFind the monthly P&I payment on a 25-year,$150,000 mortgage at 7.5% annual interestwith 1.5%

POCKET REFERENCE GUIDE — 19Amortization (Total Principal/Total Interest, Remaining Balance)• Mortgage: $175,000 • Term: 25 years• Int

Bi-Weekly Mortgages• Mortgage: $212,500• Term: 25 years• Int: 7.85%Find Bi-Weekly term, savings, total costand Bi-Wee

STEPS KEYSTROKES DISPLAYClear o o 0.00Set Ratios 3 0 : 3 8 q30.00-38.00Qualifying Mortgage Amount• Buyer’s Income: $45,000 • Monthly Debt: $250

POCKET REFERENCE GUIDE — 22“Restricted” QualifyingBuyers who make $45,000 annually andhave $600 in long-term monthly debt wishto buy a home offered at

POCKET REFERENCE GUIDE — 23Find $ Down Paymentd d 16,359.23Find total (PITH) Payment p p 900.00— DO NOT CLEAR CALCULATOR —“Unrestricted” QualifyingThe

POCKET REFERENCE GUIDE — 24(Cont’d)**The restricted Qualifying Mortgage Amount isbased on the ratio (income or debt) that limits thebuyer the most — i

Display Qual 1 Ratios q 32.00 – 40.00Find Qual 1 maximum QualifyingMortgage q 145,893.06Find Qual 1 P&IPayment p 1,044.48Find Qual 1 PITHPayment p

KEY DEFINITIONS ...1Canadian/U.S. Interest Modes...5Preference Mode...6EXAM

(Cont’d)STEPS KEYSTROKES DISPLAYClear o o 0.00Enter Interest 7 • 5 ˆ 7.50Enter Term 2 5 T 25.00Enter Tax% 1 • 5 t 1.50Enter heating 1 2 5 s D 125.00

STEPS KEYSTROKES DISPLAYClear cash flow s 6 0.00Set 1 paymentper year 1 s ÷ 1.00Enter initial investment ascash outlay 2 2 5 ) s – cC-0 -225,000.00En

POCKET REFERENCE GUIDE — 28IMPORTANT: Your calculator must be inU.S. Mode by pressing s +.Monthly Loan PaymentFind the monthly payment on a 30-yearloa

POCKET REFERENCE GUIDE — 29Setting Tax and InsuranceEnter an annual property tax rate of 1.5%,a property/homeowner’s insurance rate of.25%, and a mort

POCKET REFERENCE GUIDE — 30PITI Payment and Interest-Only Payment• Term: 30 years• Interest: 6% • Sales Price: $255,000• Down Payment: 5% • Pr

POCKET REFERENCE GUIDE — 31Qualifying Loan Amount• Buyer’s Income: $100,000 • Monthly Debt: $550 • Down Payment: 25%• Property Tax: 1.5%• Prop

POCKET REFERENCE GUIDE — 32Interest-Only Qualifying Loan Amount• Buyer’s Income: $100,000 • Monthly Debt: $550 • Down Payment: 25%• Property Tax

POCKET REFERENCE GUIDE — 33APR and Total Finance Charges,Including Mortgage Insurance • Loan: $250,000• Term: 30 years• Interest: 6.25%• Cost:

POCKET REFERENCE GUIDE — 34Default SettingsYour calculator has the following defaultsettings. Performing a Full Reset (e.g. - turn off calculator, hol

POCKET REFERENCE GUIDE — 35Repair and ReturnReturn Guidelines1. Please read the Warrantyin thisUser's Guide to determine if yourCalculated Indust

Setting Qualifying Ratios ...20Qualifying Mortgage Amount ...21“Restricted” Qualifying ...22“Unrestri

POCKET REFERENCE GUIDE — 36WarrantyWarranty Repair Service – U.S.A.Calculated Industries (“CI”) warrants this product againstdefects in materials and

POCKET REFERENCE GUIDE — 37DisclaimerCI MAKES NO WARRANTY OR REPRESENTATION, EITHEREXPRESS OR IMPLIED, WITH RESPECT TO THE PROD-UCT’S QUALITY, PERFORM

This equipment has been certified tocomply with the limits for a Class Bcomputing device, pursuant to Subpart J of Part15 of FCC rules.Software copyri

POCKET REFERENCE GUIDE — 1Note: This is a short “reference” guide. Pleasesee your large User’s Guide for details.oOn/Clear Key— Turns onpower. Pressin

® Recalls or re-displays avalue when followed by achosen key (e.g., ® ˆwill display current interestvalue)s Sets number of displayeddecimal places and

s % Delta Percent ( ) —Findsthe percent change betweentwo values.s ) Month Offset s T Bi-Weekly mortgagel Mortgage amount or presentvaluep P&I, PI

Q Qualify based on 35%-42% (Canada)i Annual IncomeD Long-term, monthly Debt t Estimated annual propertyTax (enter as percent ordollar amount)s tProper

U.S. ONLY KEYS:s ˆ APR (Annual % Rate),including mortgage insur-ance, if entereds p Interest-Only Payments 9 Estimated annualmortgageinsurance, if app