Finding The Value And Discount Of A Trust Deed - Calculated Industries 3442 User Manual

What should you pay for this trust deed if you want an 18% yield on
your investment?
STEPS
Enter your desired yield
Find purchase price

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 percent per
year, due in seven years.
STEPS
Clear calculator
Store loan amt in Memory 7 5 ) l µ
Enter monthly payment
Enter annual term
Enter annual interest rate
Calculate remaining balance s l
What should you pay for this trust deed if you want a 17% yield on
your investment?
STEPS
Enter desired yield
Calculate value of mortgage l
Subtract from Memory
Calculate discount
(recall Memory)
Clear Memory*
*Pressing ® ® or turning the calculator O will clear the value stored in Memory.
KEYSTROKES
1 8 ˆ
l
KEYSTROKES
o o
9 3 7 • 5 p
7 T
1 1 ˆ
— DO NOT CLEAR CALCULATOR —
KEYSTROKES
1 7 ˆ
s µ
® µ
® ®
DISPLAY
18.00
"run" 5,530.99
DISPLAY
M 75,000.00
M 937.50
M 7.00
M 11.00
M 43,576.27
DISPLAY
M 17.00
M 59,243.35
M 59,243.35
M 15,756.65
15,756.65
U ' G — 51
SER S UIDE
0.00