Calculated Industries 3442 User Manual

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Calculated Industries 3442 User Manual Manual pdf 56 page image

USER’S GUIDE — 51What should you pay for this trust deed if you want an 18% yield onyour investment?STEPS KEYSTROKES DISPLAYEnter your desired yield 1 8 ˆ 18.00Find purchase price l “run” 5,530.99Finding the Value and Discount of a Trust DeedDetermine the value and discount required for a $75,000 mortgage,payable at $937.50 per month, bearing interest at 11 percent peryear, due in seven years.STEPS KEYSTROKES DISPLAYClear calculator o o 0.00Store loan amt in Memory 7 5 ) l μ M 75,000.00Enter monthly payment 9 3 7 • 5 p M 937.50Enter annual term 7 T M 7.00Enter annual interest rate 1 1 ˆ M 11.00Calculate 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 onyour investment?STEPS KEYSTROKES DISPLAYEnter desired yield 1 7 ˆ M 17.00Calculate value of mortgage l M 59,243.35Subtract from Memory s μ M 59,243.35Calculate discount(recall Memory) ® μ M 15,756.65Clear Memory* ® ® 15,756.65*Pressing ® ®or turning the calculator Owill clear the value stored in Memory.