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)
