36 — Q
UALIFIER PLUS
®
III
FX
(Cont’d)
6. If the first payment of a loan begins in a month other than
January, you can use the Month Offset function. The default for
this setting is 1 (for January). To change the start month from
January, enter the month number (e.g., 2 for February), then the
s and ) keys. This allows you to calculate the correct
number of periods in the amortization range. As another example,
if the first payment of a loan begins in April, the value stored in
the month offset would be 4 (press 4 s )). If requesting
amortization values for year 1 (press 1 a), the amortization
of periods 1-9 would be displayed. Year 2 (press 2 a) would
display values for periods 10-21. Turning your calculator off and
back on returns the Month Offset to 1 (January).
Note: If you have changed your Month Offset, be sure to return it to 1 (e.g, 1
s )) before proceeding to the next problem.
7. A useful new feature is that your calculator will also display an
estimated Mortgage Interest Tax Deduction at the end of the
amortization value list (after remaining balance is displayed), if a
tax bracket is also entered via s + (Tax Brkt%).
Note: If a tax bracket percent is not entered, the calculator will use the default of
28%, displayed upon ® +.
8. Your calculator automatically advances to the next Amortization
Range or Period after the initial sequence is complete, upon
repeated presses of a. This saves you from entering the next
range or period each time.
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