USER’S GUIDE — 31Recalling Tax and Insurance % RatesRecall your stored rates:STEPS KEYSTROKES DISPLAYRecall tax rate ® 7 1.50Recall insurance rate ® 8 0.25Recall mortgage ins. rate ® 9 0.50Note: To change these values, simply enter new ones. Or, turn the calculator off thenon, and the values will be cleared, unless they are programmed to hold underPreference Settings.Setting Tax and Insurance $Enter annual property taxes estimated at $5,500, property insuranceat $350 and mortgage insurance at $600:STEPS KEYSTROKES DISPLAYSet annual taxes 5 5 0 0 s 7 5,500.00Set annual prop. insurance 3 5 0 s 8 350.00Set annual mortgage ins. 6 0 0 s 9 600.00Note: Again, to review stored values, press ®and the applicable key (e.g., ® 7).Calculating Tax and Insurance % or $If loan variables are entered in addition to tax and insurance per-centage rates or dollar values, the respective dollar values or per-centage rates can be viewed by simply pressing the applicable keysa second time. For example, enter an annual property tax rate of1.5%, a property insurance rate of 0.25% and a mortgage insurancerate of 0.50%. Then enter a sales price of $250,000, 10% down, aterm of 30 years and an interest rate of 8%. Calculate the loan, pay-ments and annual tax and insurancedollar amounts, or premiums:STEPS KEYSTROKES DISPLAYClear calculator o o 0.00Enter prop. tax rate 1 • 5 s 7 1.50Enter insurance rate • 2 5 s 8 0.25Enter mortgage ins. rate • 5 s 9 0.50Enter price 2 5 0 ) P 250,000.00Enter down payment % 1 0 d 10.00Enter term 3 0 T 30.00(Cont’d)
