Calculated Industries 3442 - Manual (Page 56)

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What should you pay for this trust deed if you want an 18% yield on
your investment?
STEPS KEYSTROKES DISPLAY
Enter your desired yield 1 8 ˆ 18.00
Find purchase price l “run” 5,530.99
Finding the Value and Discount of a Trust Deed
Determine the value and discount required for a $75,000 mortgage,
payable at $937.50 per month, bearing interest at 11 percent per
year, due in seven years.
STEPS KEYSTROKES DISPLAY
Clear calculator o o 0.00
Store loan amt in Memory 7 5 ) l µ M 75,000.00
Enter monthly payment 9 3 7 • 5 p M 937.50
Enter annual term 7 T M 7.00
Enter annual interest rate 1 1 ˆ M 11.00
Calculate remaining balance s l M 43,576.27
— DO NOT CLEAR CALCULATOR —
What should you pay for this trust deed if you want a 17% yield on
your investment?
STEPS KEYSTROKES DISPLAY
Enter desired yield 1 7 ˆ M 17.00
Calculate value of mortgage l M 59,243.35
Subtract from Memory s µ M 59,243.35
Calculate discount
(recall Memory) ® µ M 15,756.65
Clear Memory* ® ® 15,756.65
*Pressing ® ® or turning the calculator O will clear the value stored in Memory.