Financial Calculator
Model AT-10
Yr Int% L$ S/P$ D/M Yr F$ MXN RATE USD
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$ | $ | $ |
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| SAVING |
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| LOAN |
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| Tax Set |
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| Margin | Sell | Cost | |
Tax | Tax |
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| Cost | Cost | Sell | |
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| Sell | Margin | Margin | |
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| Currency Converter | |
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| Rate Set |
Foreign
Operation Manual
Getting Started
Note: Your Calculator is powered with a
(See “Battery Replacement” below for
Power On and Off
[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] Turns the calculator off. The unit also has an auto
[CE] Tapping this key clears only the last entry without clearing the problem.
Battery Replacement
Calculating the Time Value of Money
Savings calculations
No. of | Number of years | Save $ | Monthly installment |
Years | |||
% | Annual yield | Compute | Calculate |
Annual Yield |
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/Year | Number of | Future $ | Future value |
Month |
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| compound |
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How much money will I have if I save $150 a month at 4% for the next 10 years?
Save $150 | 150 | [Save $] | |
a month | |||
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For 10 years | 10 | [No. of Years] | |
At 4% | 4 | [Annual Yield %] | |
interest rate | |||
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Making 12 | 12 | [Month/Year] | |
payments | |||
a year |
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[Compute] [Future$] | $22’ 161.10 | ||
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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?
Home Loan of | $108,000 | [Loan $] |
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Number of years | 30 | [No. of Years] |
to pay | ||
Interest Rate | 8% | [Interest Rate %] |
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12 payments | 12 | [Month/Year] |
a year | ||
[Compute] [Pay$] | $792.47 | |
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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).
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
An Affordable,
Calculate the Time and Value of Money (Savings, Automobile and Mortgage Loans).
Interest Calculations
Business Profit analysis (cost, sell & margin)
Currency conversions
Tax Calculations Savings Calculations
Slip Cover
1.Slide the unit out of its case and turn the unit over,face down.
2.Use a small head screwdriver to loosen two screws on battery compartment cover and remove the cover (see diagram).
3.Use a small head screwdriver to push up old battery.
(see diagram)
4. Replace the lithium battery
(+) side is up.
5. Replace the cover and screws.
Note: The Lithium battery in this calculator should be replaced approximately every 2 years.
Loan calculations
No of | Number of years | Loan $ | Mortgage amount |
Years | |||
% | Interest rate | Compute | Calculate |
Interest Rate |
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Month | Number of | Pay $ | Monthly payment |
/Year | |||
| compound |
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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?
Automotive | $17,000 | [Loan $] | |
Loan |
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Number of | 5 | [No. of Years] | |
years to pay |
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Interest Rate | 8% | [Interest Rate%] | |
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12 payments | 12 | [Month/Year] | |
a year | |||
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[Compute] [Pay$] | $344.70 | ||
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monthly payment of $1,042.47 (This is called Principal + Interest + Taxes + Insurance or PITI.)
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.)
$6,000 | [X] | 28 | [%] | $1’680 |
How much loan can I get with a PITI of $1,680
Enter Payment | $1,680 | [Pay $] |
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Number of years | 30 | [No. of Years] |
to pay | ||
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Interest Rate | 8% | [Interest Rate%] |
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12 payments | 12 | [Month/Year] |
a year | ||
[Compute] [Loan $] | $228’956.27 | |
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