# Fumblefingers - Posted by Dennis

Posted by Dennis on May 23, 2000 at 07:57:19:

Thanks,Mark…will be able to do it now.I really appreciate all the help I can get as I am not that quick a math whiz.

Fumblefingers - Posted by Dennis

Posted by Dennis on May 22, 2000 at 16:32:38:

This question is for d.henderson.I had heard you use a BAII Plus calc,and since we 2 are having all kinds trouble would like to know how you specifically find out yields on this particular calc.This problem is driving us nuts,since we do not seem to have an answer in the manual either

Re: Fumblefingers - Posted by bwhite-tn

Posted by bwhite-tn on May 22, 2000 at 17:24:32:

Not d. henderson but I use the same calc.
Sample you buy mh for 2500 sell for 5000
You get 500 down and note for 195.51 for 30 mos.
To get yeild n=30 pmt=195.51 pv= 2500 remaining invested solve for I or yeild = 80.45

hope this makes it clear

Bobby

Yield’s Even Better … - Posted by PeteH(NYC)

Posted by PeteH(NYC) on May 23, 2000 at 09:01:40:

… if you take into account the down payment. Actual sale numbers look like this:
Price = \$5000, with \$500 down
PV = \$4500
I = 12.75%
N = 30 mos.
PMT = \$175.96

But since your actual investment is \$2000 (\$2500 less the \$500 down payment), your yield numbers will look like this:
PV = \$2000
PMT = \$175.96
N = 30 mos.
I (yield) = 94.79%

The thing to understand with the calculator is that it’s a two-step process: first you solve for one variable (usually payment, since you know interest/I, loan amount/PV, and term/N); then, keeping the payment number constant, you change the PV to reflect your actual cost in the deal and solve for the new I, which represents your yield.

Re: Fumblefingers - Posted by d.henderson

Posted by d.henderson on May 22, 2000 at 20:27:50:

Dee here and I still can’t work this darn thing. Every which way gives me the wrong answer. I’m still working at it though, thanks for making it the simplest so far.
Dee-Texas

Re: Yield’s Even Better … - Posted by Dennis

Posted by Dennis on May 23, 2000 at 11:11:01:

Thanks PeteH,I just tried it out but got 97.20…and this is giving me a lot of knowledge on how to do this now.Appreciate all the help I am getting…when I finally start this thing,I will be able to handle it better and quicker than before…already know some basic calcs i can do,and this is making me more knowledgeable yet.

Re: Fumblefingers - Posted by Mark

Posted by Mark on May 22, 2000 at 21:30:54:

Dee, be sure to enter payments as negative numbers!! -Mark

enter the payment as a neg number - Posted by Bob-MD

Posted by Bob-MD on May 24, 2000 at 20:03:24:

Remember to enter the payment as a negative number or you will get an error. It drove me crazy for a while until I read the instructions a little more carefully and found that I needed to enter the payment as a negative number to calculate the %.You can change from positive to negative by pressing the +/- key in the lower right corner of the calculator.

Bob