Ativa AT-10 operation manual Getting Started, Power On and Off, Loan Calculations

Financial Calculator

Model AT-10

Yr Int% L$ S/P$ D/M Yr F$ MXN RATE USD

				OFF	ON
	FINA	N	CIAL
$	$	$			$
	SAVING			LOAN
	Tax Set		Margin	Sell	Cost
Tax	Tax		Cost	Cost	Sell
			Sell	Margin	Margin
				Currency Converter
					Rate Set

Foreign

AT-10

Operation Manual

Getting Started

Note: Your Calculator is powered with a long-life, Lithium battery to assure uninterrupted service.

(See “Battery Replacement” below for change-out procedure.)

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 power-off feature which turns the unit off after 5 minutes of non-use.

[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
/Year	Number of	Future $	Future value
Month
	compound
	periods a year

How much money will I have if I save $150 a month at 4% for the next 10 years?

Save $150	150	[Save $]
a month
For 10 years	10	[No. of Years]
At 4%	4	[Annual Yield %]
interest rate
Making 12	12	[Month/Year]
payments
a year
Press--	[Compute] [Future$]	$22’ 161.10

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 $]
Number of years	30	[No. of Years]
to pay
Interest Rate	8%	[Interest Rate %]
12 payments	12	[Month/Year]
a year
Press--	[Compute] [Pay$]	$792.47

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

Your Financial Calculator is designed to be reliable and easy to use.

This manual will provide clear instructions for all product functions.

An Affordable, 12-Digit Multi-function Calculator with Built-in Software Components.

Features

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

Built-in 3-key Memory Functions Auto Power-Off -- Turns Unit off After 5 Minutes Idle

Slip Cover -- Slips the Unit Out of the “Base”, Reverse it, and Slide it Back in the Base to Store. Integrated Flip-Down Stand, for Easy Viewing Adjustment

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 (CR-2025), making sure the positive

(+) 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
Month	Number of	Pay $	Monthly payment
/Year
	compound
	periods a year

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 $]
Loan
Number of	5	[No. of Years]
years to pay
Interest Rate	8%	[Interest Rate%]
12 payments	12	[Month/Year]
a year
Press--	[Compute] [Pay$]	$344.70

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 $]
Number of years	30	[No. of Years]
to pay
Interest Rate	8%	[Interest Rate%]
12 payments	12	[Month/Year]
a year
Press--	[Compute] [Loan $]	$228’956.27