Calculated-industries 3416 User Guide Manual do Utilizador descarregar pdf (Página 55)

50 — M

ORTGAGE

UALIFIER

LUS

(Cont’d)

— DO NOT CLEAR CALCULATOR —

What should you pay for this trust deed if you want an 18% yield on

your investment?

STEPS KEYSTROKES DISPLAY

Enter your desired yield 1 8 ˆ 18.00

Find purchase price l “run” 5,530.99

Finding the Value and Discount of a Trust Deed

Determine the value and discount required for a $75,000 mortgage,

payable at $937.50 per month, bearing interest at 11% per year, due

in seven years.

STEPS KEYSTROKES DISPLAY

Clear calculator o o 0.00

Store loan amt in Memory 7 5 ) l µ M 75,000.00

Enter monthly payment 9 3 7 • 5 p 937.50

Enter annual term 7 T 7.00

Enter annual interest rate 1 1 ˆ 11.00

Compute remaining

balance s l 43,576.27

— DO NOT CLEAR CALCULATOR —

What should you pay for this trust deed if you want a 17% yield on

your investment?

STEPS KEYSTROKES DISPLAY

Enter your desired yield 1 7 ˆ 17.00

Compute value of mortgage

l 59,243.35

Subtract from Memory s µ 59,243.35

Compute discount

(recall Memory) ® µ M 15,756.65

Clear Memory* ® ® 15,756.65

*Note: Pressing

® ®

or turning the calculator

will clear the value stored in

Memory.

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Calculated-industries 3416 User Guide Manual do Utilizador Página 55