[L/A]
Loan Amount —
Enters or solves for the initial
loan amount or present value of a financial
problem.
[Int]
Interest —
Enters or solves for the annual inter-
est rate. A second press of this key gives you the
periodic rate. (Stored permanently, until you
change it.)
[Term]
Enters or solves for number of years. Second press
gives number of periods. (Stored permanently.)
[APR]
Annual Percentage Rate —
Calculates APR (for
fixed rate loans only) based on the entry of
points and/or non-recurring loan fees paid at
initiation. Cannot be used for ARMS.
[Per]
Period —
Used to specify a mortgage component
(Term or Interest) or amortization/remaining bal-
ance value as per period rather than per year. For
example, 360 [Per] [Term] enters 360 periods.
[Price]
Sales Price —
Enters or calculates a Sales Price
(based on the entries of Loan Amount, or equiv-
alent mortgage components) and Down
Payment.
Note: Entered Sales Price values will
not normally change.
[Dn Pmt]
Down Payment —
Enters (in either percent or
dollars) or calculates a Down Payment (based
on the entries of Loan Amount, or equivalent
mortgage components) and Sales Price. A sec-
ond press toggles the entered down payment
from dollar figure to percent or vice versa. Any
number under 100 is assumed to be a percent
down payment.
[Amort]
Amortization —
Finds total interest, principal
and remaining balance. First press enters or
shows range of periods. Second press shows
4 – Qualifier Plus
®
IIx DT
