Texas Instruments BA-35 Quick Reference Guide - Page 32

Common Keystroke Sequences (Cont.) Loan Amount a Buyer Can Afford Purpose: To find the maximum loan amount and selling price a prospective home buyer can afford, assuming that: § The buyer will pay a given percentage of the selling price as a down payment. § An estimated percentage is added to the monthly payment for taxes and insurance. § The total monthly payment (principal, interest, taxes, and insurance) is not to exceed a predetermined percentage limit of the buyer's gross monthly income. Values You Supply: § annual interest rate § number of years in mortgage § buyer's gross monthly income § percent limit (of gross monthly income) § percent taxes and Insurance (of total monthly payment) § percent down (of selling price) Procedure Clear calculator and mode registers; select two decimal places. Press 2 until FIN is displayed. Key Sequence - 0 b 0 c 2 2 (continued) 32