U
SER
’
S
G
UIDE
— 3
ˆ
Interest — Enters or solves for the annual interest
rate. Second press gives the periodic rate.
Note: Stored permanently, until you change it or perform a Clear
All (
s x
).
s l
Future Value (FV) — Enters or solves for the future
value of a financial problem.
P
Sales Price — Enters or calculates Sales Price
based on the entries of Loan Amount (or equivalent
mortgage components) and Down Payment.
d
Down Payment — Enters (in either percent or dol-
lars) or calculates Down Payment, based on the
entries of Loan Amount (or equivalent mortgage
components) and Sales Price. A second press
changes the entered down payment from a dollar
figure to a percent, or vice versa.
Note: Any number under 100 is assumed to be a percent down
payment. You do not have to label the value as a percent.
s d
Loan-to-Value (LTV) — Calculates the loan-to-value
percent when a Down Payment and Sales Price,
Loan Amount and Down Payment, or Loan Amount
and Sales Price are entered. Also calculates the
above dollar values if an LTV percent and one of the
above values are entered (e.g., entered Sales Price
and LTV% will calculate Down Payment and Loan
Amount).
s ˆ
Annual Percentage Rate (APR) — Calculates APR
(for fixed-rate loans only) based on the entry of
points and/or non-recurring loan fees paid at initia-
tion. It also calculates total finance charges, monthly
mortgage insurance, and PIMI payment, based on
the entry of mortgage insurance via the
s I
keys.
s b
Periodic — Used to specify a mortgage component
(Term or Interest), Income, or Amortization/Remaining
Balance value as per period rather than
per year.
For example,
3 6 0 s b T
enters 360
periods, or months.
