[Per]
Period:
Specifies a mortgage component
(Term/Interest) or amortization/remain-
ing balance value as “per period” rather
than “per year.” For example,
360 [Per]
[Term]
enters 360 periods.
[FV]
Future Value:
Enters or solves for the
future value of a financial problem.
[Amort]
Amortization:
Finds total interest, princi-
pal and remaining balance. First press
enters or shows range of periods.
Second press shows total interest for
period range. Third press shows total
principal for range, and final press gives
remaining balance at end of range.
[:]
Colon:
Used to specify a range for
amortization or to separate ARM
Interest: Term and Qualifying Income:
Debt ratio entries. Also used to sepa-
rate values in a date entry.
[ARM]
Adjustable Rate Mortgage:
Calculates
payment and re-amortizes fully or par-
tially amortized Adjustable Rate Mortgage
based on the inputs of both Interest
Adjustment and Term Adjustment,
which are separated by the Colon
[:]
key. For example, an ARM which
adjusts 1% every year is entered as
6 — Real Estate Master
®
IIx/Qualifier Plus
®
IIx
