Calculated Industries Real Estate Master
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1. Model 3400 olim en oe poog gocog UOOOB ouap eee CALCULATED INDUSTRIES TABLE OF CONTENTS Key Dofiniions zeae arada na aede 1 Mortgage TVM Keys Amortization Keys Date Key Payments Per Year Delta Percent Percentage Calculations Memory Decimal Place Selection Clear All Loan Examples Monthly Payment Term Interest Rate Loan Amount Interest Only Payment Calculation Interest Only Payment Entry Quarterly Payment Amortization Total Interest and Principal Paid Total Interest and Principal for Range of Payments Total Interest Principal and Remaining Balance for Range of Years Balloon Payment Remaining Balance Trust Deed Purchase Price of a Note Fully Amortized 10 Future Value Date Examples Delta Rate of Appreciation Accuracy and Auto Shut Off Repair and Return Warranty NNN OOUNHHARARAWWOWH OB KEY DEFINITIONS On Clear Key Turns power on Pressing once clears the display Pressing twice clears all temporary values Shift Off Turns power off clearing all non perma nent registers Ixi Arithmetic operation keys Four function percent key 9 and Digits used for keying in numbers Mortgage TVM Time Value of Money Keys Loan Amount or Present Value Enters or solves for the initial loan amount or present value of a2. for Range of Years How much total interest and principal will you pay in years 1 5 on a 30 year 100 000 loan at 7 interest What is the remaining bal ance after payments 1 36 KEYSTROKE DISPLAY 0 00 OOOO 100 000 00 o0 7 00 3 30 00 Go 665 30 am range of payments 1 60 total interest 34 049 74 CID total principal 5 868 41 total payments 39 918 15 remaining balance 94 131 59 Note Any number entered into that is higher than the term will be considered periodic rather than annual Balloon Payment Remaining Balance Find remaining balance after 10 years on a 30 year 300 000 loan at 7 5 interest KEYSTROKES DISPLAY 0 00 BOO0OOO 300 000 00 000 7 50 3 30 00 ZD 2 097 64 0 ED am 260 384 96 PocKET REFERENCE GUIDE 9 Trust Deed Purchase Price of a Note Fully Amortized You d like to buy a mortgage with 15 years remaining 100 per month in incoming payments and you desire a 25 return What will you pay for the mortgage What if you desire a 20 yield KEYSTROKE DISPLAY 0 00 oom 25 00 DG 15 00 000m 100 00 E price 4 682 68 20 a 20 00 GED new price 5 693 80 Future Value What will a 200 000 house be worth after 3 years if you figure an inflation or apprecia tion rate of 8 5 Note Set periods to one per year KEYSTROKE DISPLAY 0 00 OMe 1 00 200000 200 000 00 3 00 96 8 50 am 255 457 83 0 G9 amp return to 12 pmts yr 12 00 Pocket REFERENCE GUID
3. financial problem GD Payment Enters or solves for the periodic principal and interest P amp I payment GD GD Interest Only Payment Enters or solves for the periodic interest only payment A term does not need to be entered to solve interest only payments PockeT REFERENCE GUIDE 1 Term of Loan Enters or solves for the number of years A second press will display the number of periods Interest Enters or solves the annual interest rate A second press will display the periodic monthly interest rate EJ E Future Value Enters or solves for the future value of a financial problem Periodic Used with other function keys to designate a value as periodic rather than annual e g 3 6 ED 0 CD Note Interest and Term are stored permanently until they are changed This means when you turn the cal culator off the values will stay in memory Amortization Keys ED Amortization Displays the range of payments total inter est total principal total payments and remaining balance for an entered number of years or periods For example to amor tize year 1 enter D to display the total P amp I reduction for payments 1 12 PockeT REFERENCE GUIDE 2 Remaining Balance Displays the remaining balance of the loan for an entered number of years or periods e g D ED AM displays the remaining balance after payment 12 Date Key Date Entry Key Used to separate the month day and ye
4. have an idea or a suggestion for improving this product or User s Guide please submit your comments online at www calculated com under Contact Us Product Idea Submittal Agreement Thank you Pocket REFERENCE GUIDE 16 CALCULATED INDUSTRIES Putting answers at your fingertips since 1978 dj sad Software copyrighted and licensed to Calculated Industries by Real Estate Master Technologies LLC 2006 User s Guide copyrighted by Calculated Industries 2006 Real Estate Master and Calculated Industries are registered trademarks of Calculated Industries ALL RIGHTS RESERVED CALCULATED INDUSTRIES 4840 Hytech Drive Carson City NV 89706 U S A 1 800 854 8075 Fax 1 775 885 4949 E mail info calculated com www calculated com Designed in the U S A Printed in China 4 06 X PRG3400E B QUICK REFERENCE GUIDE To solve a loan problem simply enter the three known variables and solve for the fourth MONTHLY PAYMENT KEYSTROKE DISPLAY 0 00 220000659 220 000 00 AOoOg 7 50 OOD 30 00 Pent 1 538 27 INTEREST ONLY PAYMENT KEYSTROKE DISPLAY 0 00 QABOOGQOEN 220 000 00 63 7 50 Shift ZD 1 375 00 LOAN AMOUNT KEYSTROKE DISPLAY OOD 30 00 0000p 1 000 00 70 7 00 150 307 57
5. ATION EITHER EXPRESS OR IMPLIED WITH RESPECT TO THE PROD UCT S QUALITY PERFORMANCE MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE AS A RESULT THIS PRODUCT INCLUDING BUT NOT LIMITED TO KEY STROKE PROCEDURES MATHEMATICAL ACCURACY AND PREPROGRAMMED MATERIAL IS SOLD AS IS AND YOU THE PURCHASER ASSUME THE ENTIRE RISK AS TO ITS QUALITY AND PERFORMANCE IN NO EVENT WILL Cl BE LIABLE FOR DIRECT INDIRECT SPECIAL INCIDENTAL OR CONSEQUENTIAL DAMAGES RESULTING FROM ANY DEFECT IN THE PRODUCT OR ITS DOCUMENTATION The warranty disclaimer and remedies set forth above are exclusive and replace all others oral or written expressed or implied No Cl dealer agent or employee is authorized to make any modification extension or addition to this warranty Some states do not allow the exclusion or limitation of implied warranties or liability for incidental or consequential damages so the above limitation or exclusion may not apply to you This warranty gives you specific rights and you may also have other rights which vary from state to state Pocket REFERENCE GUIDE 15 FCC Class B This equipment has been certified to comply with the limits for a Class B calculating device pur suant to Subpart J of Part 15 of FCC rules LOOKING FOR NEW IDEAS Calculated Industries a leading manufacturer of special function calculators and digital measuring instruments is always looking for new product ideas in these areas If you
6. E 10 Date Examples If a 45 day escrow begins April 26 2007 what is the closing date KEYSTROKE DISPLAY 0 00 AWVAOGVOW 4 26 07 45 8 06 10 07 Your escrow closing date is June 10 2007 If today s date is April 26 2007 how many days until it closes Subtract today s date from the closing date KEYSTROKE DISPLAY 0 00 OODOVHOD 6 10 07 JOAO 4 26 07 8 45 Delta Rate of Appreciation A home originally purchased for 150 000 sold a year later for 185 000 What is the rate of appreciation KEYSTROKE DISPLAY 06 0 0 0 0 m 150 000 00 DB6GO0OO0OO0B 23 33 POocKET REFERENCE GUIDE 11 ACCURACY AND AUTO SHUT OFF Reset If your calculator should ever lock up press Reset a small hole located above the key upper right using the end of a paper clip Accuracy The normal display is nine 9 digits Each calculation is carried out internally to 12 digits Auto Shut Off and Batteries Auto Shut Off After 8 12 minutes of non use Batteries Included Two LR 43 batteries Battery Life 575 hours of actual use To replace the batteries use a small Phillip s head screwdriver or you can A also use a screwdriver found in Se eyeglass repair kits and unscrew the single screw in the center of the battery door located on the back of the calculator see diagram Carefully remove the battery door remove the old batteries from the clips and replace them with two new LR 43 batteries Make su
7. al point mode Note When you turn the calculator off E00 QIB the number of decimal places is restored to two places PockET REFERENCE GUIDE 4 Clear All To clear reset calculator to its default values press GHD and 63 Clear All CAUTION Use this only when you wish to return the calculator to its default values LOAN EXAMPLES Monthly Payment Find the monthly payment on a 30 year loan of 220 000 at 7 5 annual interest rate KEYSTROKE DISPLAY 0 00 220000843 220 000 00 760600 7 50 OGD 30 00 CD 1 538 27 Term How long does it take to pay off a loan of 275 000 at 6 5 interest if you make payments of 1 700 each month KEYSTROKE DISPLAY 0 00 2706000 275 000 00 68 6 50 0 0 0 eD 1 700 00 Term 32 23 Cont d PockeT REFERENCE GUIDE 5 Cont d What is the periodic term or number of months KEYSTROKE DISPLAY 386 76 Interest Rate Find the interest rate on a mortgage where the loan amount is 155 000 term is 30 years and the monthly payment is 1 100 KEYSTROKE DISPLAY 0 00 066000 155 000 00 3 30 00 OVOOGD 1 100 00 o 7 65 What is the periodic interest KEYSTROKE DISPLAY ca 0 64 Loan Amount How much can you borrow if the interest rate is 7 75 on a 30 year mortgage and you can afford to pay 1 200 each month KEYSTROKE DISPLAY 0 00 20000 7 75 a0 30 00 00000 1 200 00 eo 167 501 32 PockeT REFERENCE GUIDE 6 Interest Only Payment Calculat
8. ar when entering dates e g CCOO to enter 05 02 07 This allows you to add or subtract a number of days from a date to find a second date and subtract one date from another date to find the number of days in between Payments Per Year The calculator is set to monthly loans or 12 payments per year Pmts Yr To change to other than 12 payments per year use the Ei and amp keys e g to set a loan to 6 payments per year press 6 ED Note Remember to change back to 12 by either resetting V 2 BA amp or performing a Clear All Reset ED 6 Delta Percent Gi Delta Percent Key 4 Finds the percent change between two values PockeT REFERENCE GUIDE 3 Percentage Calculations The percent key can be used for finding a given percent of a number or for working add on discount or division calculations For example 8 amp 3 2 5 B 8 200 00 2606 1 0 36 275 00 2686068 23 75 OOO88 086 200 00 Memory Store value in semi permanent memory e g D6 0 GB Shift Recall memory value e g if 0O has been stored in Memory pressing will display 150 00 Shift Clears memory value Note Semi permanent means the value is not cleared by pressing twice Value is also cleared when the calculator is turned off Decimal Place Selection Press and the number of decimal places desired up to six e g O GMD 2 etc Pressing BD 7 will set the calculator to floating decim
9. h a new or remanufactured calculator the product at no charge THE WARRANTY WILL NOT APPLY TO THE PRODUCT F IT HAS BEEN DAMAGED BY MISUSE ALTERATION ACCIDENT IMPROPER HANDLING OR OPERATION OR IF UNAUTHORIZED REPAIRS ARE ATTEMPTED OR MADE SOME EXAMPLES OF DAMAGES NOT COVERED BY WARRANTY INCLUDE BUT ARE NOT LIMITED TO BATTERY LEAKAGE BENDING A BLACK INK SPOT OR VISIBLE CRACKING OF THE LCD WHICH ARE PRESUMED TO BE DAMAGES RESULTING FROM MISUSE OR ABUSE Warranty Repair Service U S A To obtain warranty service in the U S please go o the website www calculated com A repaired or replacement product assumes the remaining warranty of the original product or 90 days whichever is longer Non Warranty Repair Service U S A Non warranty repair covers service beyond the warranty period or service requested due to damage resulting from misuse or abuse Contact Calculated Industries to obtain current product repair information and charges Repairs are guaranteed for 90 days PockET REFERENCE GUIDE 14 Repair Service Outside the U S To obtain warranty or non warranty repair service for goods purchased outside 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 Cl to obtain current prod uct repair information and charges including freight and duties CI MAKES NO WARRANTY OR REPRESENT
10. ion Find the interest only payment on a loan of 15 000 at 9 interest KEYSTROKE DISPLAY 0 00 ANOO 15 000 00 Om 9 00 ED ZD 112 50 Interest Only Payment Entry How much can you borrow if the interest rate is 7 on a 30 year interest only mortgage and you can afford to pay 1 000 each month KEYSTROKE DISPLAY 0 00 700 7 00 0 0 0 ED Za 1000 00 ca 171 428 57 Quarterly Payment Find the quarterly payment on a 10 year loan of 15 000 at 10 annual interest rate KEYSTROKE DISPLAY 0 00 4 ED I 4 00 OOD 10 00 DALOL 15 000 00 00m 10 00 ZD 597 54 OD 2 B return to 12 pmts yr 12 00 POocKET REFERENCE GUIDE 7 Amortization Total Interest and Principal Paid How much interest principal and total pay ments will you pay on a 30 year 180 000 loan at 7 interest KEYSTROKE DISPLAY 0 00 DBOOOO 180 000 00 70 7 00 3 30 00 Go 1 197 54 CID range of payments 1 360 total interest 251 116 02 total principal 180 000 00 total payments 431 116 02 Total Interest and Principal for Range of Payments How much total interest and principal will you pay in payments 1 5 on a 30 year 100 000 loan at 7 interest KEYSTROKE DISPLAY 0 00 DODO 100 000 00 70 7 00 3 30 00 Go 665 30 6 Shift range of payments 1 5 total interest 2 911 86 CID total principal 414 66 CID total payments 3 326 51 PockeT REFERENCE GUIDE 8 Total Interest Principal and Remaining Balance
11. re the positive sides are facing up Replace the battery door and re attach the screw Note Use caution when disposing of batteries as they contain hazardous chemicals Replacement LR 43 batteries are available at most discount or electronics stores Or call Calculated Industries at 1 800 854 8075 Pocket REFERENCE GUIDE 12 REPAIR AND RETURN Warranty Repair and Return Information Return Guidelines 1 Please read the Warranty in this User s Guide to determine if your Calculated Industries product remains under warranty before call ing or returning any device for evalu ation or repairs 2 If your product won t turn on check the batteries as outlined in the User s Guide 3 If you need more assistance please go to the website listed below 4 If you believe you need to return your product please call a Calculated Industries representative between the hours of 8 00am to 4 00pm Pacific Time for additional information and a Return Merchandise Authorization RMA Call Toll Free 1 800 854 8075 Outside USA 1 775 885 4900 www calculated com warranty PocKET REFERENCE GUIDE 13 WARRANTY Calculated Industries Cl warrants this product against defects in materials and workmanship for a period of one 1 year from the date of original consumer purchase in the U S If a defect exists during the warranty period Cl at its option will either repair using new or remanufac tured parts or replace wit
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