U
SER
’
S
G
UIDE
— 71
(Cont’d)
STEPS
KEYSTROKES
DISPLAY
4.
Calculate P-A-P Savings & ROI for the First 3 Years*:
Display range for savings and
ROI calculations
3 ∏
1-3
Find 3-year savings
∏
23,369.28
Re-display ROI%
∏
“run” 6.50
Find 3-year ROI
∏
25,882.55
5.
Amortize the P-A-P for the First 3 Years Only:
Display amortization range for
first three years
∏
1-3
Display total prin./interest
∏
48,483.39
Display total interest
∏
43,082.95
Display balance at end
of three years
∏
294,599.56
6.
Find the P-A-P Payments for Years 1-3:
Find 1st year payment
∏
1,256.74
Find 2nd year payment
∏
1,344.71
Find 3rd year payment
∏
1,438.84
7.
Calculate P-A-P Savings & ROI for the First 5 Years and
Amortize the P-A-P for years 1-8*:
Display range for savings &
ROI calculations
8 ∏
1-5
Find 5-year savings
∏
33,028.48
Re-display ROI%
∏
“run” 6.50
Find 5-year ROI
∏
39,795.55
Display amortization range for entered
eight year range
∏
1-8
Display total prin./interest
∏
146,792.63
Display total interest
∏
113,635.68
Display balance at end
of eight years
∏
266,843.05
*Your calculator finds P-A-P Savings & ROI for the first five years only. To find the
P-A-P Savings and ROI for the first three years, enter
3 ∏
or
3 e
, which will
calculate the P-A-P or EB P-A-P loans for years 1-3. However, amortization may be
calculated for any term. For example,
8 ∏
or
8 e
will still calculate the P-A-P
Savings & ROI for years 1-5 only, but will amortize the loan for years 1-8.
If you need to find the ROI for a value greater than 5 years (e.g., 8 years), simply use
the Future Value function. Enter the 5-year value into
l
, remaining term (3 years)
into
T
, and the ROI% into
ˆ
. Then, solve for Future Value (ROI for 8 years) by
pressing
s l
.
