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]
18.00
2. Find purchase price:
[L/A]
“run”
5,530.99
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.
User’s Guide — 37