Yield Of A Discounted Mortgage - Texas Instruments BA Real Estate User Manual

Yield of a Discounted Mortgage

1. Clear TVM values (if not already cleared).
2. Enter original term of loan (in years).
3. Enter interest rate.
4. Enter face value of mortgage loan.
5. Compute payment amount.
6. Enter discounted purchase price.
7. Enter number of payments already
made and store in memory.
8. Calculate number of payments
remaining, and store as N.
9. Compute annual yield for remaining
term.
.
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