Manual

U SER ’ S G UIDE — 71
(Cont’d)
STEPS KEYSTROKES DISPLAY
4. Calculate P-A-P Savings & ROI for the First 3 Years*:
Display range for savings and
ROI calculations 3 ∏ 1-3
Find 3-year savings ∏ 23,369.28
Re-display ROI% ∏ “run” 6.50
Find 3-year ROI ∏ 25,882.55
5. Amortize the P-A-P for the First 3 Years Only:
Display amortization range for
first three years ∏ 1-3
Display total prin./interest ∏ 48,483.39
Display total interest ∏ 43,082.95
Display balance at end
of three years ∏ 294,599.56
6. Find the P-A-P Payments for Years 1-3:
Find 1st year payment ∏ 1,256.74
Find 2nd year payment ∏ 1,344.71
Find 3rd year payment ∏ 1,438.84
7. Calculate P-A-P Savings & ROI for the First 5 Years and
Amortize the P-A-P for years 1-8*:
Display range for savings &
ROI calculations 8 ∏ 1-5
Find 5-year savings ∏ 33,028.48
Re-display ROI% ∏ “run” 6.50
Find 5-year ROI ∏ 39,795.55
Display amortization range for entered
eight year range ∏ 1-8
Display total prin./interest ∏ 146,792.63
Display total interest ∏ 113,635.68
Display balance at end
of eight years ∏ 266,843.05
*Your calculator finds P-A-P Savings & ROI for the first five years only. To find the
P-A-P Savings and ROI for the first three years, enter 3 ∏ or 3 e , which will
calculate the P-A-P or EB P-A-P loans for years 1-3. However, amortization may be
calculated for any term. For example, 8 ∏ or 8 e will still calculate the P-A-P
Savings & ROI for years 1-5 only, but will amortize the loan for years 1-8.
If you need to find the ROI for a value greater than 5 years (e.g., 8 years), simply use
the Future Value function. Enter the 5-year value into l , remaining term (3 years)
into T , and the ROI% into ˆ . Then, solve for Future Value (ROI for 8 years) by
pressing s l .