Calculated Industries 3126 - 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 Display
1. Enter your new desired rate of return:
20 [Int] CdA 20.00
2. Find purchase price:
[L/A] “run” 5,887.45
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 Display
1. Clear calculator:
[On/C] [On/C] 0.00
2. Enter future value of note when due:
7,500 [FV] 7,500.00
3. Enter purchase price, remaining term,
payment amount, then find your yield:
6,500 [L/A]
6,500.00
5 [Term] 5.00
62.50 [Pmt] 62.50
[Int] “run” CdA 14.09
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User’s Guide — 35