Instructions
Using Pricing Screen
Input Items
The screens contain two types of input items, fields and tables. Fields can be changed by simply typing your desired value while the cursor is positioned on the field. Tables must first be "retrieved" (by pressing "enter" at the table) before you may input anything.
Recalculation
The model results are not automatically recalculated every time you change a value. This allows you to change a number of items before recalculating the results. You will know when you need to recalculate because the "NEED TO CALC" sign will appear at the bottom of the screen whenever you change a value and have not yet calculated the impact of the change. The recalculation occurs only when you press the F9 key. After you press the F9 key, the word "CALCULATING" will flash until the calculation is complete.
Copy Command
The copy command can be used to enter a constant value in a column of numbers, such as a renewal commission scale.
For example, if you want your renewal commissions in each of years 2 through 20 to equal .10, you only need to enter the value .10 for year 2, and then "copy" it into all of the other positions for years 3 through 20. This is done by pressing F5 while you are positioned on the item you want copied.
Strange Results
Occasionally, you may get results that are not what you expected. There are a few simple checks that you can make to determine whether there might be a problem with your data entries:
Entering percentages: Remember that percents may be entered with a decimal point or as a whole percent. For example, 50% can be entered as .50 or 50. This is very important when entering commission rates and interest spreads.
Review entries that you have changed: You should review all items for which you have entered a value. A number may have been entered incorrectly; e.g., an extra zero makes a big difference.
