P
ocket
R
efeRence
G
uide
— 5
Mortgage/TVM
(Time Value of Money) Keys
L
Loan Amount or Present Value
─
Enters or solves for the initial
loan amount or present value of a
financial problem.
P
Payment ─
Enters or solves for
the periodic principal and interest
(P&I) payment.
s P
Interest-Only Payment
─
Enters or solves for the periodic
interestonly payment. A term
does not need to be entered to
solve interest-only payments.
T
Term of Loan
─
Enters or solves
for the number of years. A second
press will display the number of
periods.
I
Interest
─
Enters or solves the
annual interest rate. A second
press will display the periodic
(monthly) interest rate.
s L
Future Value
─
Enters or solves
for the future value of a financial
problem.
s +
Periodic
─
Used with other
function keys to designate a value
as periodic rather than annual
(e.g.,
3 6 0 s + T
).
Note
: Interest and Term are stored
permanently, until they are changed. This
means, when you turn the calculator off, the
values will stay in memory.
Amortization Keys
a
Amortization
─
Displays the
range of payments, total interest,
total principal, total payments and
remaining balance, for an entered
number of years or periods. For
example, to amortize year 1 enter
1 a
to display the total P&I
reduction for payments 1-12.
s a
Remaining Balance
─
Displays
the remaining balance of the loan,
for an entered number of years or
periods (e.g.,
1 s a
displays
the remaining balance after pay-
ment 12).
PRG3400E-D.indd 4
1/17/2011 9:41:24 AM
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