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
Clear calculator
Store Loan Amount in
Memory
Enter monthly Payment
Enter Term in years
Enter annual Interest rate
Calculate remaining
balance
What should you pay for this trust deed if you want a 17% yield on
your investment?
STEPS
Enter your desired yield
Compute value of mortgage l
Subtract from Memory
Compute discount
(recall memory)
Clear memory*
*Note: Pressing ® ® or turning the calculator O will clear the value stored in
Memory.
48 — Q
UALIFIER
KEYSTROKES
o o
7 5 ) l μ
9 3 7 • 5 p
7 T
1 1 ˆ
s l
— DO NOT CLEAR CALCULATOR —
KEYSTROKES
1 7 ˆ
s μ
® μ
® ®
P
®
III
LUS
FX
DISPLAY
0.00
M 75,000.00
937.50
7.00
11.00
43,576.27
DISPLAY
17.00
59,243.35
59,243.35
M 15,756.65
15,756.65