CASH FLOW EXAMPLES .........................................................51
Calculating IRR, NPV, and NFV for Annual Cash Flows ...........53
Calculating IRR, NPV, and NFV for Monthly Cash Flows .........54
Recalling and Replacing Cash Flows ........................................55
Recalling and Replacing Cash Flow Frequencies .....................55
EXAMPLES —
U.S. MODE .............................................................56
Finding the Monthly Mortgage Payment (Based on U.S. Interest
Rate) .......................................................................................56
Finding the Interest-Only Payment ............................................56
Interest-Only Payment (Entry) ...................................................56
Property Taxes, Property/Hazard Insurance and Monthly
Housing Expense....................................................................57
PITI Payment (Tax and Insurance Entered as Percentage) ......58
PITI Payment (Tax and Insurance Entered as Dollar Amount)..58
Calculating Tax and Insurance Percentage or Dollar Amount ...59
Finding the Interest Rate ...........................................................60
Finding the Term of a Loan ........................................................60
Finding the Loan Amount ...........................................................60
Finding Sales Price and Payment Based on Loan Amount and
Down Payment .......................................................................61
Total Principal and Interest for a 30-Year Loan .........................61
Amortization List for Individual Year(s) —
Using “Next”
Feature....................................................................................62
APR, Total Finance Charges (Including Mortgage
Insurance) ...............................................................................63
Bi-Weekly Mortgages .................................................................64
Bi-Weekly Term Reduction and Payment ..................................64
Qualifying Loan Amount and Sales Price (Complete Example
Including Down Payment, Tax/Insurance, Monthly Association
Dues) ......................................................................................65
“Restricted” Qualifying ...............................................................66
“Unrestricted” Qualifying ............................................................66
Finding Qualifying Loan Amount and Sales Price for an
Interest-Only Loan ..................................................................67
Finding Income Required and Allowable Monthly Debt .............68
Qualifying Comparison (Comparing Two Different Loans or
Two Qualifying Ratios at Once) ..............................................69
APPENDIX .......................................................................................70
Default Settings..........................................................................70
Reset..........................................................................................70
Error Codes................................................................................71
Auto Shut-Off .............................................................................71
Battery........................................................................................71
Repair and Return......................................................................72
Warranty.....................................................................................73
Legal Notes ................................................................................74
Looking For New Ideas ..............................................................74
INDEX .............................................................................................75
