8 — Q
UALIFIER
P
LUS
®
4
X
t
Property Tax — Used for calculating PITI and Total
(PITH) payment, and Qualifying. Stores estimated
annual property tax in either percent or dollar
amount. If entered as an annual dollar amount, a
press of
t
converts to the monthly tax amount,
and pressing
t
again converts to the annual
percent rate. If entered as a percent, pressing
t
converts to the annual dollar amount, and pressing
t
once more shows the monthly tax.
Note: Entering a number equal to or less than ten is assumed to
be an annual percent. Property tax is calculated from the sales
price (therefore, you should also enter a Down Payment).
s t
Property Insurance (Ins) — Used for calculating
the PITI payment and for Qualifying. Stores estimated
annual property or homeowner’s insurance in either
percent or dollar amount. If entered as an annual
dollar amount, a press of
®
and
s t
converts
to the monthly insurance amount or premium, and
pressing
t
again converts to the annual percent-
age rate. If entered as a percentage, pressing
t
converts to the annual dollar amount, and pressing
t
once more shows the monthly insurance.
Cash Flow Keys
The following keys provide quick and easy analysis of cash flow
investment scenarios without all the confusing keys or keystrokes of
typical financial calculators:
c
This key allows the entry of up to 20 cash flows
(either positive or negative; use the
s –
keys to
label a cash flow as a negative value, or cash outlay).
s c
Frequency —The second function of this key labels a
cash flow that is repeated consecutively, or grouped
(e.g., if a cash flow is repeated three times in a row, first
enter the cash flow value into the
c
key, then enter
the frequency, or number of occurrences:
3 s c
).
Note: to use the Frequency function, a cash flow must repeat
itself consecutively. If it occurs more than once out of order, or
is not consecutive, you must enter it separately, just like other
cash flows (do not use the Frequency function).
R
Internal Rate of Return — This multi-function key
calculates, upon consecutive presses:
(Cont’d)
