Calculated Industries Qualifier Plus IIcx User Manual page 35

What if you wanted a 20% yield? Leave
all of the above data the same and re-
enter the 20% interest right over the old
rate and then re-calculate the loan
amount.
Steps/Keystrokes
1. Enter your new desired rate of return:
20 [Int]
2. Find purchase price:
[L/A]
Finding the Yield on a Discounted Note
Someone wants to sell you a note under
the following terms: 60 months remain-
ing on the term, a face amount when due
of $7,500, 10% interest-only payments of
$62.50 (incoming) and he will sell the note
for $6,500 if you buy today. What would
be the yield on your investment?
Steps/Keystrokes
1. Clear calculator:
[On/C] [On/C]
2. Enter future value of note when due:
7,500 [FV]
3. Enter purchase price, remaining term,
payment amount, then find your yield:
6,500 [L/A]
5 [Term]
62.50 [Pmt]
[Int]
— D
O
"run"
"run"
N C
OT LEAR THE
CdA 20.00
5,887.45
7,500.00
6,500.00
CdA 14.09
C
ALCULATOR
User's Guide — 35
Display
Display
0.00
5.00
62.50
—