Finding a Quarterly Payment
Find the quarterly P&I payment on a ten-year loan of $15,000 with
an annual interest rate of 12%.
STEPS
Clear calculator
Set to four payments/year
Enter Loan Amount
Enter Term in years
Enter annual Interest rate
Find quarterly P&I Payment p
Reset to 12 payments/year 1 2 s ÷
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, on
this desired yield?
STEPS
Clear calculator
Enter desired yield
Enter term in years
Enter payment amount
Find purchase price
What if you want a 20% yield? Leave all of the above data and re-
enter the 20% interest over the old rate, then re-calculate the loan
amount.
STEPS
Enter your new desired
rate of return
Find purchase price
46 — Q
UALIFIER
KEYSTROKES
o o
4 s ÷
1 5 ) l
1 0 T
1 2 ˆ
KEYSTROKES
o o
2 5 ˆ
1 5 T
1 0 0 p
l
— DO NOT CLEAR CALCULATOR —
KEYSTROKES
2 0 ˆ
l
P
®
III
LUS
FX
DISPLAY
0.00
4.00
15,000.00
10.00
12.00
"run" 648.94
"run" 12.00
DISPLAY
0.00
25.00
15.00
100.00
"run" 4,682.68
DISPLAY
20.00
"run" 5,693.80