Calculated Industries QUALIFIER PLUS IIx Guia do Utilizador descarregar pdf (Página 43)

42 — Q

UALIFIER

LUS

III

Trust Deeds and Discounted Notes

Your calculator easily handles trust deed purchase price and yield

problems. Two things to remember are:

1) when entering or solving for “yield” or “rate of return,” use

the ˆ key, and

2) when entering or solving for “purchase price” or “present

value,” use the l key.

Purchase Price of a Note —

Fully Amortized

The mortgage you are thinking about buying has the following terms

and conditions: 15 years remaining, $100 per month incoming pay-

ments, and you want a 25% yield or return on your investment. In

this case you are paying for the income stream — the incoming pay-

ments — and not the future value. What price should you pay, based

on this desired yield?

STEPS KEYSTROKES DISPLAY

Clear calculator o o 0.00

Enter desired Yield 2 5 ˆ 25.00

Enter Term 1 5 T 15.00

Enter Payment Amount 1 0 0 p 100.00

Find purchase Price l “run” 4,896.97

— DO NOT CLEAR CALCULATOR —

What if you want a 30% yield? Leave all of the above data and re-

enter the 30% interest over the old rate, then re-calculate the loan

amount.

STEPS KEYSTROKES DISPLAY

Enter your new desired

Rate of Return 3 0 ˆ 30.00

Find purchase Price l “run” 4,179.12

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Calculated Industries QUALIFIER PLUS IIx Guia do Utilizador Página 43