User Manual

P OCKET R EFERENCE G UIDE - 10
Trust Deed/Purchase Price of a Note -
Fully Amortized
You’d like to buy a mortgage with 15 years
remaining, $100 per month in incoming
payments and you desire a 25% return.
What will you pay for the mortgage? What if
you desire a 20% yield?
KEYSTROKE DISPLAY
o o 0.00
2 5 ˆ 25.00
1 5 T 15.00
1 0 0 p 100.00
l (price) 4,682.68
2 0 ˆ 20.00
l (new price) 5,693.80
Future Value
What will a $200,000 house be worth after
3 years, if you figure an inflation or apprecia-
tion rate of 8.5%?
Note: Set periods to one per year.
KEYSTROKE DISPLAY
o o 0.00
1 s ÷ 1.00
2 0 0 0 0 0
l 200,000.00
3 T 3.00
8 • 5 ˆ 8.50
s
l 255,457.83
1 2 s ÷
(return to 12 pmts/yr) 12.00