66 — M
ORTGAGE
Q
UALIFIER
P
LUS
®
P
X2
(Cont’d)
STEPS
KEYSTROKES
DISPLAY
4.
Find the First Five P-A-P Payments:
Find 1st year payment
∏
1,423.61
Find 2nd year payment
∏
1,494.79
Find 3rd year payment
∏
1,569.53
Find 4th year payment
∏
1,648.01
Find 5th year payment
∏
1,730.41
5.
Find 5-year P-A-P Savings (with no ROI% applied), 5-year ROI%
Savings (based on entered ROI%), and Total Cost:
Display savings/ROI%
range
∏
1-5
Find savings (no ROI%)
∏
31,462.37*
Display stored ROI%
∏
7.00
Find ROI savings
∏
38,305.19*
Display range for
P-A-P calculations
∏
1-30
Find total prin./interest
∏
842,120.24*
Find total interest
∏
542,120.24
Find balance at end
of range
∏
0.00
6.
Find Start Payment for Year 1, Interest-Only Payment, 30-Year and
15-Year Payments (all based on P-A-P Note%) and P-A-P
Deferred Interest:
Display start payment
s ∏
1,423.61
Find interest-only
payment
∏
1,875.00
Find 30-yr loan payment
∏
2,097.64
Find 15-yr loan payment
∏
2,781.04
Find deferred interest
∏
451.39
7.
Find the Total Investment Return over 30 years:**
Clear calculator
o o
0.00
Enter 5-year ROI as
present value
3 8 3 0 5 • 1 9 l
38,305.19
Enter ROI% as
interest rate
7 ˆ
7.00
Enter the rem. term
after 5 years
2 5 T
25.00
Find the value of the
investment
s l
219,313.23
(Cont’d)