Calculated Industries 3126 - Manual (Page 36)

What should you pay for this trust deed
if you desire an 18% yield on your
investment?
Steps/Keystrokes Display
1. Enter your desired yield:
18 [Int] CdA 18.00
2. Find purchase price:
[L/A] “run” 5,663.44
APR & Total Finance Charges
Solving for APR/TFC is done in two
steps: 1) you set up the loan just like any
other problem (that is, enter three known
variables and solve for the fourth) and 2)
combine points and fees and press
[Set]
[Int] to solve APR. Press [Int] a second
time to display the total finance charges.
Press a third time to display total finance
charges plus principal.
Note: APR for
non-real estate loans (such as auto and boat
loans), should not be solved using the follow-
ing keystrokes, as methods for solving differ.
APR solutions are interest calculations,
therefore they may take several seconds to
calculate.
36 — Qualifier Plus ® IIcx