Loan Calculations
Calculating a mortgage
You are buying a $120,000 Town House.
Your down payment is 10% ($12,000), and you
will be financing $108,000 at 8% for 30 years.
What is your payment?
Getting Started
Calculating the Time Value
of Money
Financial Calculator
Note: Your Calculator is powered with
a long-life, Lithium battery to assure
uninterrupted service.
(See “Battery Replacement” below for
change-out procedure.)
Savings calculations
Model AT-10
Save $
Compute
Future $
Number of years
Monthly installment
Calculate
Annual Yield
%
Annual yield
Home Loan of
$108,000
[Loan $]
Month
/Year
Number of
compound
periods a year
Future value
Number of years
to pay
Power On and Off
Yr Int% L$ S/P$ D/M Yr F$ MXN RATE USD
30
[No. of Years]
Interest Rate
8% [Interest Rate %]
ON
[ON] Pressing this key and holding it
a second turns the calculator on. This key
is also used to clear all calculations, which
is accomplished with a tap.
OFF
FINANCIAL
How much money will I have if I save $150
a month at 4% for the next 10 years?
12 payments
a year
12
[Month/Year]
$
$
$
$
SAVING
Tax
LOAN
Press--
[Compute] [Pay$]
$792.47
Tax Set
Margin
Cost
Sell
Cost
Save $150
a month
150
10
4
[Save $]
Tax
Cost
Sell
[OFF] Turns the calculator off. The unit also
has an auto power-off feature which turns
the unit off after 5 minutes of non-use.
Margin
Margin
Sell
A word about mortgage payments (PITI)
A mortgage payment will include the mortgage
payment principal and interest, in this case
$792.47. It will also include the monthly real
estate taxes and insurance payment (Divide
the annual rate by 12 to get the monthly rate).
Currency Converter
Rate Set
For 10 years
[No. of Years]
[Annual Yield %]
Foreign
At 4%
interest rate
[CE] Tapping this key clears only the last
entry without clearing the problem.
Making 12
payments
a year
AT-10
[Month/Year]
12
For Example:
Annual taxes at $2,400, and annual insurance
at $600 = $200 monthly tax payment + a $50
monthly insurance payment. Adding these to
the total payment of $792.47 give us a total
monthly payment of $1,042.47 (This is called
Principal + Interest + Taxes + Insurance or PITI.)
[Compute] [Future$]
$22’ 161.10
Press--
Operation Manual
Battery Replacement
Loan calculations
Your Financial Calculator
is designed to be reliable
and easy to use.
This manual will provide clear
instructions for all product
functions.
1. Slide the unit out of its case and turn
the unit over,face down.
Loan $
Mortgage amount
Calculate
Number of years
How to compute the mortgage
payment you can afford
Industry guidelines indicate that a consumer
should spend about 28% of his monthly
income on housing. If your combined
family monthly income is $6,000, you can
afford a mortgage payment (PITI) of $1,680.
(Other payments. like credit card and car
payments, installment loans, etc., should not
exceed 36% of your gross family monthly income.)
Interest Rate
%
Compute
Pay $
Interest rate
2. Use a small head
screwdriver to loosen
two screws on battery
compartment cover
and remove the cover
(see diagram).
Month
/Year
Number of
compound
periods a year
Monthly payment
An Affordable, 12-Digit Multi-function
Calculator with Built-in Software
Components.
Calculating an automobile loan
You have your eye on a new car.
The cost of the car is $22,000, and
your down payment will be $5,000.
You will be financing $17,000 at 8%.
What will your payments be?
3. Use a small head
screwdriver to push up
old battery.
Features
Calculate the Time and Value of Money
(Savings, Automobile and Mortgage Loans).
$6,000
[X]
28
[%]
$1’680
(see diagram)
Interest Calculations
Automotive
Loan
$17,000
[Loan $]
How much loan can I get with
a PITI of $1,680
4. Replace the lithium
battery (CR-2025),
making sure the positive
(+) side is up.
Business Profit analysis (cost, sell & margin)
Currency conversions
Number of
years to pay
[No. of Years]
[Interest Rate%]
5
Enter Payment
$1,680
[Pay $]
Tax Calculations
Savings Calculations
Number of years
to pay
Interest Rate
8%
12
30
[No. of Years]
Built-in 3-key Memory Functions
5. Replace the cover
and screws.
Auto Power-Off -- Turns Unit off After
5 Minutes Idle
Interest Rate
8% [Interest Rate%]
12 payments
a year
[Month/Year]
12 payments
a year
Slip Cover -- Slips the Unit Out of the “Base”,
Reverse it, and Slide it Back in the Base to Store.
12
[Month/Year]
Note: The Lithium battery in this calculator
should be replaced approximately every 2 years.
[Compute] [Pay$]
$344.70
Press--
Integrated Flip-Down Stand, for Easy Viewing
Adjustment
Press--
[Compute] [Loan $] $228’956.27
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