709615
33
Zoom out
Zoom in
Previous page
1/96
Next page
32 Mortgages and Amortization
BEAR-CH1.DOC BA Real Estate Guidebook Jackie Quiram Revised: 09/28/99 1:16 PM Printed: 09/28/99 1:16 PM
Page 32 of 36
To calculate information on an ARM, set up the mortgage
terms in the TVM model, and then press
M
to start the
ARM model.
Name Meaning
P1 =
The first payment number in a range of
payments (initial value=1).
P2 =
The ending payment number in the range.
I% =
The interest rate within the range P1 to P2.
Initially, this is a copy of the TVM I% value.
PMT=
The payment amount within the range P1 to
P2.
BAL=
The loan balance after the last payment in the
range P1 to P2.
The model starts with P1=1, and the calculator updates P1
automatically for each range of payments. Attempting to
enter a value for P1 exits the ARM model. Press
j
repeatedly to display the results and to repeat the
sequence for the next range.
At each repetition, the calculator updates P1 and P2
automatically. If the span between P1 and P2 is different
from the previous range, you must enter the new P2 value
manually. You cannot change P1.
I% and PMT are not the TVM I% and PMT values,
although I% is initially a copy of the TVM I% value.
Using this model does not change any TVM values.
Because a change in the FIX setting would affect
accuracy, the
#
o
key is ignored until you exit the
model.
Pressing
!
at any time, except when entering a
value, exits the model and leaves the last displayed
value in the display, with no label.
You can store a displayed value to memory or to TVM.
Storing to TVM, however, exits the ARM model.
Adjustable-Rate Mortgage (ARM)
The ARM model lets you find the payment amount for
each range of payments in an adjustable-rate mortgage.
ARM Values
Notes on the
ARM Model
33


Need help? Post your question in this forum.

Forumrules


Report abuse

Libble takes abuse of its services very seriously. We're committed to dealing with such abuse according to the laws in your country of residence. When you submit a report, we'll investigate it and take the appropriate action. We'll get back to you only if we require additional details or have more information to share.

Product:

For example, Anti-Semitic content, racist content, or material that could result in a violent physical act.

For example, a credit card number, a personal identification number, or an unlisted home address. Note that email addresses and full names are not considered private information.

Forumrules

To achieve meaningful questions, we apply the following rules:

Register

Register getting emails for Texas Instruments BA Real Estate at:


You will receive an email to register for one or both of the options.


Get your user manual by e-mail

Enter your email address to receive the manual of Texas Instruments BA Real Estate in the language / languages: English as an attachment in your email.

The manual is 0,5 mb in size.

 

You will receive the manual in your email within minutes. If you have not received an email, then probably have entered the wrong email address or your mailbox is too full. In addition, it may be that your ISP may have a maximum size for emails to receive.

The manual is sent by email. Check your email

If you have not received an email with the manual within fifteen minutes, it may be that you have a entered a wrong email address or that your ISP has set a maximum size to receive email that is smaller than the size of the manual.

The email address you have provided is not correct.

Please check the email address and correct it.

Your question is posted on this page

Would you like to receive an email when new answers and questions are posted? Please enter your email address.



Info