Calculated Industries Qualifier Plus IIIx Betriebsanweisung PDF herunterladen (Seite 52)

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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.

STEPS KEYSTROKES DISPLAY

Clear calculator o o 0.00

Enter desired yield 2 5 ˆ 25.00

Enter term 1 5 T 15.00

Enter payment amount 1 0 0 p 100.00

Find purchase price l “run” 4,682.68

— DO NOT CLEAR CALCULATOR —

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 KEYSTROKES DISPLAY

Enter your new desired

rate of return 2 0 ˆ 20.00

Find purchase price l “run” 5,693.80

Finding the Yield on a Discounted Note

An individual wants to sell you a note under the following terms: 60

months remaining in the term, a face amount when due of $7,500,

10% interest-only payments of $62.50 (incoming). He says he will

sell this note to you for $6,500 if you buy today. If you buy it, what

will be the yield on your investment?

STEPS KEYSTROKES DISPLAY

Clear calculator o o 0.00

Enter future value of

note when due 7 5 0 0 s l 7,500.00

Enter purchase price 6 5 0 0 l 6,500.00

Enter remaining term* 6 0 s b T 60.00

Enter payment amount 6 2 • 5 0 p 62.50

Find your yield ˆ “run” 13.70

*Note: Pressing s b identifies your entry as a periodic value.

— DO NOT CLEAR CALCULATOR —

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Calculated Industries Qualifier Plus IIIx Betriebsanweisung Seite 52