POCKET REAL ESTATE MASTER Model 3400
TABLE OF CONTENTS Key Definitions ..................................................1 Mortgage/TVM Keys ........................................1 Amortization Keys ............................................2 Date Key ..........................................................3 Payments Per Year ..........................................3 Delta Percent ..................................................3 Percentage Calculations ..................................4 Memory ...................................
KEY DEFINITIONS o - On/Clear Key Turns power on. Pressing once clears the display. Pressing twice clears all temporary values. s o - Off Turns power off, clearing all non-permanent registers. +–x÷= Arithmetic operation keys. % Four-function percent key. 0 - 9 and • Digits used for keying in numbers. Mortgage/TVM (Time Value of Money) Keys l - Loan Amount or Present Value Enters or solves for the initial loan amount or present value of a financial problem.
T - Term of Loan Enters or solves for the number of years. A second press will display the number of periods. ˆ - Interest Enters or solves the annual interest rate. A second press will display the periodic (monthly) interest rate. s l - Future Value Enters or solves for the future value of a financial problem. s + - Periodic Used with other function keys to designate a value as periodic rather than annual (e.g., 3 6 0 s + T). Note: Interest and Term are stored permanently, until they are changed.
s a - Remaining Balance Displays the remaining balance of the loan, for an entered number of years or periods (e.g., 1 s a displays the remaining balance after payment 12). Date Key • - Date Entry Key Used to separate the month, day, and year when entering dates ( e.g., 5 • 2 • 0 7 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.
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 0 0 x 2 5 % = 200.00 2 5 0 + 1 0 % = 275.00 2 5 – 5 % = 23.75 1 0 0 ÷ 5 0 % = 200.00 Memory µ - 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, pressing s µ will display 150.00). s µ µ - Clears memory value.
Clear All To clear/reset calculator to its default values, press s and x (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 oo 220000 7•5ˆ 30T p Term DISPLAY l 0.00 220,000.00 7.50 30.00 1,538.27 How long does it take to pay off a loan of $275,000 at 6.
(Cont’d) What is the periodic term, or number of months? KEYSTROKE DISPLAY T Interest Rate 386.76 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 oo 155000l 30T 1100p ˆ DISPLAY 0.00 155,000.00 30.00 1,100.00 7.65 What is the periodic interest? KEYSTROKE DISPLAY ˆ 0.64 Loan Amount How much can you borrow if the interest rate is 7.
Interest – Only Payment (Calculation) Find the interest-only payment on a loan of $15,000 at 9% interest. KEYSTROKE oo 15000 9ˆ sp DISPLAY l 0.00 15,000.00 9.00 112.50 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 oo 7ˆ 1000sp l DISPLAY 0.00 7.00 1000.00 171,428.57 Quarterly Payment Find the quarterly payment on a 10-year loan of $15,000 at 10% annual interest rate.
Amortization-Total Interest and Principal Paid How much interest, principal and total payments will you pay on a 30-year, $180,000 loan at 7% interest? KEYSTROKE oo 180000l 7ˆ 30T p a (range of payments) a (total interest) a (total principal) a (total payments) DISPLAY 0.00 180,000.00 7.00 30.00 1,197.54 1-360 251,116.02 180,000.00 431,116.
Total Interest, Principal and Remaining Balance - 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 balance after payments 1-36? KEYSTROKE DISPLAY oo 100000l 7ˆ 30T p 5 a (range of payments) a (total interest) a (total principal) a (total payments) a (remaining balance) 0.00 100,000.00 7.00 30.00 665.30 1-60 34,049.74 5,868.41 39,918.15 94,131.
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 oo 25ˆ 15T 100p l (price) 20ˆ l (new price) DISPLAY 0.00 25.00 15.00 100.00 4,682.68 20.00 5,693.80 Future Value What will a $200,000 house be worth after 3 years, if you figure an inflation or appreciation rate of 8.5%? Note: Set periods to one per year.
Date Examples If a 45-day escrow begins April 26, 2007, what is the closing date? KEYSTROKE DISPLAY oo 4•26•07 +45 = 0.00 4-26-07 45. 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 oo 6•10•07 –4•26•07 = 0.00 6-10-07 4-26-07 45. Delta % - Rate of Appreciation A home originally purchased for $150,000 sold a year later for $185,000.
ACCURACY AND AUTO SHUT-OFF Reset If your calculator should ever “lock up,” press Reset - a small hole located above the a 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 nonuse. Batteries Included: Two LR-43 batteries. Battery-Life: 575 hours of actual use.
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 calling or returning any device for evaluation 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.
WARRANTY Calculated Industries ("CI") 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, CI at its option will either repair (using new or remanufactured parts) or replace (with a new or remanufactured calculator) the product at no charge.
Repair Service – Outside the U.S.A. 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 CI to obtain current product repair information and charges, including freight and duties.
FCC Class B This equipment has been certified to comply with the limits for a Class B calculating device, pursuant 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 have an idea, or a suggestion for improving this product or User's Guide, please submit your comments online at www.calculated.
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.
