Sales Price/Down Payment
One of the unique features of this calculator is its ability to work
with not only loan amounts, but with Sales Price and Down
Payments as well.
Notes on Sales Price/Down Payment
1. When using [Price], [DnPmt] and [L/A] keys, it’s recom-
mended that you always enter the two known values
(Price and Down Payment), then solve for the third (Loan
Amount), before calculating financial values.
2. If a Sales Price has been specifically entered, it will only
change when you enter a new Sales Price or by preceding
the entry of Down Payment or Loan Amount with [Set].
Finding L/A Based on Sales Price & Down Pmt
Find both the loan amount and dollar down payment if the
Sales Price is $175,000 and you’re planning to put 20% down.
Steps
Keystrokes
Display
Clear calculator
[On/C] [On/C]
0.00
Enter sales price
175,000 [Price]
175,000.00
Enter down payment %
20 [Dn Pmt]
20.00
Find loan amount
[L/A]
140,000.00
Display down payment %
[Dn Pmt]
20.00
Find down payment
[Dn Pmt]
35,000.00
17 – User’s Guide
