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Royal Bank 632C LoanMaker Handheld Calculator |
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![[Picture of Handheld Calculator]](images/627b_pix.jpg)
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This calculator has many useful routines specially designed for Royal Bank of Canada Loan Officers. It calculates the LoanProtector and HomeProtector credit insurance premiums. See 632C Support for information on changing the batteries or to download a copy of the User's Guide. |
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RSP/RRIF Planning Routine |
Compute the fund balance from a series of contributions and/or a lump-sum starting contribution. Interest can be compounded annually, semi-annually, quarterly, semi-monthly, biweekly, weekly or daily. Contributions and withdrawals can be annual, semi-annual, quarterly, semi-monthly, biweekly, or weekly. Finds the fund balance at retirement age, and the interest earned and total contributions over the contribution phase. Finds the maximum withdrawals that can be taken over a specified time period. Rework and Backup function keys allow you to compare difference scenarios. Full details are in the 632C User's Guide. |
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Personal Loan Routines
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Compute personal Loans with LoanProtector insurance Compute Royal Credit Line Routine. Compute BuyBack personal loans with a known residual value at the end. LoanProtector insurance can be included. Compute the Disability Premium in a LoanProtector Payment. Compute Interest Bonus and Differential. Compute the Total Debt Service and maximum personal loan available based on a borrower's income and other loans. |
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Mortgage Loan Routines
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Compute payments and mortgages for a variety of payment frequencies and interest rate terms with HomeProtector insurance. Compute Interest Bonus and Differential. Compute Blended Interest Rate. Compute CMHC fees, required downpayment and mortgage amount. Compute an Equivalent Future Rate (EFR) to assist borrowers in selecting shorter or longer interest terms. Compute the Total Debt Service and maximum mortgage loan available based on a borrower's income and other loans. |
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632C Support |
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Changing the Batteries |
To change batteries, you should first have the replacement batteries at hand (two CR2032 Lithium batteries are required) and a small screwdriver to remove the two screws on the back of the calculator. Make sure you install the new batteries with the same orientation (plus and minus) as the original batteries (this is also shown on a diagram on the inside of the back cover). The CR2032 battery is available at Radio Shack stores, camera stores or departments, and other places that sell small batteries. It is round, about 0.75 inches (19 mm) in diameter and 0.125 inches (3.175 mm) thick. See Detailed Instructions on changing the handheld calculator batteries (instructions are also in the User's Guide). You will have to configure the calculator after replacing the batteries. See Configuration Instructions. |
| 632C Software Updates |
This is a list of the most recent changes together with the date they were
made and the software Series number.
The most recent version is at the top of the list. |
| Date | Series | Changes |
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| Feb 2017 | L73.4.11 | Update CMHC routine with 2017 rates. |
| Mar 2009 | L73.4.9 | Update CMHC routine with 2009 rates. |
| Nov 2003 | L73.3.8 | Update CMHC routine with 2003 rates effective July 2003. |
| Nov 2001 | L73.2.7 |
Add RSP/RRIF Planning Routine. New version numbering system started. |
| May 1998 | L73 | CMHC routine updated with 1998 CMHC Tables. |
| May 1997 | L58 | Personal Loan and BuyBack Loan routines enhanced to show the balance due at review, total interest costs, and BuyBack computed amortization. These items were added to enable automobile dealers and others who provide indirect loans to the bank to make a complete loan disclosure. |
| Apr 1997 | L52 |
Year 2000 Compliance upgrade — this is an important upgrade
that insures the program will operate into the year 2000 and beyond. This upgrade is highly
recommended because without it, you will not be able to compute loans with a Start Date on or before
12/31/99 and a First Date after 1/1/00. You can test your calculator to see if it needs this update by computing a sample loan with a Start date of 12/31/99 (enter "123199") and a First date of 1/01/00 (enter "10100"). If you get the error message "START > FIRST" when you attempt to compute the loan, your calculator needs to be upgraded. |
| Feb 1997 | L49 | CMHC routine updated with 1997 CMHC Tables. |
| Apr 1994 | I92 | Add mortgage disability plan. |
| Mar 1994 | I83 |
Add CMHC routine. Add Equivalent Future Rate (EFR) routine. Add Ontario Effective Cost of Borrowing (ECB) routine. |
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Replacement User's Guide
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To view or download the User's Guide, click 632C User's Guide.
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