User`s guide

Additional Examples
153
The payment calculation is a straightforward TVM payment calculation using the new amount
as the PV.
Set to End mode. Press \¯ if BEGIN annunciator is displayed.
Then, to calculate the lender’s return, enter cash flows that represent the complete picture of
the wrap-around mortgage from the lender’s point of view:
Figure 22 Cash flow diagram (Wrap-around mortgage)
When you group the above cash flows, you’ll find that:
CF
0
= 47,510.22 - 82,510.22 = -35,000
CF
1
= 861.59 - 754.00 = 107.59
Table 13-25 Calculating the payment
Keys Display Description
]OJ
0.00 Clears TVM registers.
JG\Í
12.00 Sets payments per year.
gGVJ:7GG
Ï
82,510.22 Stores loan amount on which
your new payment is calculated.
d7VÒ
9.50 Stores interest rate.
:É
0.00 Stores final balance.
JV\Ú
180.00 Stores number of monthly
payments you will make.
Ì
-861.59 Calculates your new payment.