Posted by Ron on November 26, 2000 at 14:14:01:
I really thank you for the quick response to my question - hopefully, I can now do some figures that will help me see the future!!! Thanks again,
Ron
Formula for Yield - Posted by Ron
Posted by Ron on November 26, 2000 at 11:20:07:
Could someone help a “dumb” old man, please!! On page 110 of Lonnie’s latest version of “Deal on Wheels”, it shows a yield of 176% – I can’t come up with the same figures. I know it isn’t Lonnie’s error, it is my “dumbness”. Can someone please give me the formula for figuring Yield.
Thanking you in advance,
Ron
Re: Formula for Yield - Posted by Fred-Ohio
Posted by Fred-Ohio on November 26, 2000 at 12:42:25:
On your financial calculator input:
How much you have invested-Present value(PV)
Number of payments-(N)
Payment Amount-Payment(PMT)
Calculate Monthly Yield- %Interest (%i)
Multiply Monthly yield by 12 to get yearly yield
Happy punching!!!
Fred-Ohio