Calculated Industries Qualifier Plus IIcx User Manual page 55

ters, enter the maximum lifetime inter-
est increase then press [Set] [%] . This
permanently sets the lifetime cap. To
reset the cap to "0," enter 0 then press
[Set] [%] , or perform an "All Clear."
Increasing & Decreasing ARM Payment
Find the payment for the first three
years on a $100,000, 30 year ARM loan
staring at 10%, increasing 1% after six
months, then decreasing to 1.5% after
an additional 12 months.
Steps/Keystrokes
1. Clear calculator:
[On/C] [On/C]
2. Enter loan amount, term in years and
annual interest, then find initial monthly
payment:
100,000 [L/A]
30 [Term]
10 [Int]
[Pmt]
3. Enter initial ARM adjustment and find
increased "adjusted" payment:
1 [:] .5 [ARM]
[ARM]
4. Enter 2nd ARM "adjustment" and find
increased "adjusted" payment:
1.5 [:] 1 [Set] [ARM]
[ARM]
"run"
"run"
"run"
Display
100,000.00
877.57
1.00 – 0.50
951.83
– 1.50 – 1.00
842.56
User's Guide — 55
0.00
30.00
10.00