Sales Price/Down Payment
Review these pointers before working
with Sales Price and Down Payments.
1. When using the
[Price]
,
[DnPmt]
and
[L/A]
keys, enter the two known values
(i.e., Price and Down Payment), then
solve for the third (i.e., Loan Amount),
before calculating financial values.
2. If a Sales Price is entered, it remains con-
stant until you enter a new Sales Price or
precede a Down Payment or Loan
Amount entry with
[Set]
.
Finding L/A Based on Sales Price & Down Pmt
Find the loan amount and dollar down
payment if the Sales Price is $175,000
and you’re putting 20% down.
Steps/Keystrokes
Display
1. Clear calculator:
[On/C] [On/C]
0.00
2. Enter sales price:
175,000 [Price]
175,000.00
3. Enter down payment percent and find
loan amount:
20 [Dn Pmt]
20.00
[L/A]
140,000.00
4. Display down payment percent then find
down payment amount:
[Dn Pmt]
20.00
[Dn Pmt]
35,000.00
20 — Real Estate Master
®
IIx/Qualifier Plus
®
IIx
