Manual

U SER ’ S G UIDE — 63
(Cont’d)
*ROI: You can set a new ROI at any time by entering a new value, e.g., 8% ROI,
enter 8 s % . Just remember this value is stored permanently, or you must enter
a new value or perform a Clear All s x to reset. To recall the stored value, press
® s % .
ROI Comparison Shortcut: Or, once you’ve set up a P-A-P problem and calculated
investment savings based on an initial entered (or stored) ROI%, you may quickly
find the savings based on a new ROI% – and skip all other P-A-P calculations – by
entering the new ROI% (e.g., 7 % ), and pressing the ∏ key (see Step #6).
**Payment Cap: You can set a new Payment Cap at any time by simply entering a
new value, e.g., 6% Payment Cap, enter 6 s 6 . This is also stored permanently.
To recall the stored value, press ® s 6 .
STEPS KEYSTROKES DISPLAY
1. Enter Fixed-Rate Loan Values:
Clear calculator o o 0.00
Enter loan amount 2 5 0 ) l 250,000.00
Enter interest rate 6 ˆ 6.00
Enter term 3 0 T 30.00
2. Solve for Fixed-Rate Loan Payment and Total Cost:
Find monthly P&I payment p 1,498.88
Amortize the loan a 1-360
Find total interest a 289,595.47
Find total principal a 250,000.00
Find total principal/interest a 539,595.47
3. Enter P-A-P Loan Values:
Enter Start Rate term
(in months) 0 ß 0.00
Enter P-A-P term
(in years) 3 0 s ß 30.00
Enter Start Payment 1 0 0 0 S 1,000.00
Find Start % S 2.59
Enter P-A-P actual rate
(Note%) 5 s S 5.00
Enter ROI% 1 0 s % 10.00
Enter Payment Cap% 7 • 5 s 6 7.50
(Cont’d)