Calculated-industries 3430 User Guide Manual do Utilizador descarregar pdf (Página 48)

SER’S GUIDE — 47

Finding the Yield on a Discounted Note

An individual wants to sell you a note under the following terms: 60

months remaining in the term, a face amount when due of $7,500,

10% interest-only payments of $62.50 (incoming). He says he will

sell this note to you for $6,500 if you buy today. If you buy it, what

will be the yield on your investment?

STEPS KEYSTROKES DISPLAY

Clear calculator o o 0.00

Enter future value of

note when due 7 5 0 0 s l 7,500.00

Enter purchase price 6 5 0 0 l 6,500.00

Enter remaining Term/mths* 6 0 s b T* 60.00

Enter Payment amount 6 2 • 5 0 p 62.50

Find your yield ˆ “run” 13.70

*Note: Pressing s b identifies your entry as a periodic value. For desktop

model, press π T to perform this function.

— 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

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Calculated-industries 3430 User Guide Manual do Utilizador Página 48