48 — Q
UALIFIER
P
LUS
®
III
FX
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% per year, due
in seven years.
STEPS
KEYSTROKES
DISPLAY
Clear calculator
o o
0.00
Store Loan Amount in
Memory
7 5 ) l μ
M 75,000.00
Enter monthly Payment
9 3 7 • 5 p
937.50
Enter Term in years
7 T
7.00
Enter annual Interest rate
1 1 ˆ
11.00
Calculate remaining
balance
s l
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 your desired yield
1 7 ˆ
17.00
Compute value of mortgage
l
59,243.35
Subtract from Memory
s μ
59,243.35
Compute discount
(recall memory)
® μ
M 15,756.65
Clear memory*
® ®
15,756.65
*Note: Pressing
® ®
or turning the calculator
O
will clear the value stored in
Memory.
