18 — M
ORTGAGE
Q
UALIFIER
P
LUS
®
P
X2
Preference Settings
Your calculator has a Preference Mode, which allows you to program
the calculator to various settings. For example, it lets you store cer-
tain values permanently, display certain values, or show values in a
specific order.
To access the Preference Mode, press
s
, then
=
, then keep
pressing
=
to toggle through the settings listed below. Press the
+
key to advance through the sub-settings. Use the
–
key to back up
within the sub-settings.
The five P-A-P Loan Preference Settings allow you to select
between one and 15 years for Recasting (a) zero-month, (b) one-
month, (c) three-month, (d) 12-month, and (e) 36-month P-A-P
loans. A sixth Preference Setting for recasting all other P-A-P loans
that have a start month not identified by the other five Preference
Settings (e.g., five-month start) is also included to allow for greater
flexibility when calculating P-A-P loans.
To return the calculator to its default, or factory-set Preference
Settings, perform a total Reset (see page 82).
After
s
,
Keep
Description
Pressing
(Press
+
to Advance
=
:
Display
within each category,
–
to Back up):
1
Decimal Places
- DEC Hold Entry —
Permanently sets number of
decimal places.
(Default)
- DEC OFF 0.00 —
Clears decimal place setting/resets
to 0.00 at
O
.
2
Payments Per Year
- P/Y OFF 12.00 —
Resets to 12.00 at
O
.
(Default)
- P/Y Hold Entry —
Permanently sets pmts/year.
3
Insurance Calculation
- INS USE PRICE —
Insurance calculation is based on
price.
(Default)
- INS USE LOAN —
Insurance calculation is based on
the loan amount.
(Cont’d)
