Calculated Industries 3430 User Guide - Manual (Page 47)

46 — Q
UALIFIER
P
LUS
® III
FX
Finding a Quarterly Payment
Find the quarterly P&I payment on a ten-year loan of $15,000 with
an annual interest rate of 12%.
STEPS KEYSTROKES DISPLAY
Clear calculator o o 0.00
Set to four payments/year 4 s ÷ 4.00
Enter Loan Amount 1 5 ) l 15,000.00
Enter Term in years 1 0 T 10.00
Enter annual Interest rate 1 2 ˆ 12.00
Find quarterly P&I Payment p “run” 648.94
Reset to 12 payments/year 1 2 s ÷ “run” 12.00
Trust Deeds and Discounted Notes
Your calculator easily handles trust deed purchase price and yield
problems. Two things to remember are:
(1) when entering or solving for “yield” or “rate of return,” use the ˆ
key, and
(2) when entering or solving for “purchase price” or “present value,”
use the l key.
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. What price should you pay, on
this desired yield?
STEPS KEYSTROKES DISPLAY
Clear calculator o o 0.00
Enter desired yield 2 5 ˆ 25.00
Enter term in years 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