Re: HP12C - here’s one way… - Posted by Rolfe Mpls/StP

Posted by Rolfe Mpls/StP on March 22, 2000 at 12:35:42:

Jonanthan;

Here’s an example;

What is the value of this CD?

$12,000 @ 11% @ $135/mo, six yr balloon?

Keystrokes;

12000-CHS-PV-11-g-i-135-PMT-6-g-n-FV

(9883.66)

Discounted to yield 14%

14-g-i-PV

(10658.24)

Discounted to yield 17%

17-g-i-PV

(9506.53)

Discounted to yield 20%

20-g-i-PV

(8515.64)

What would your yield be if you bought the CD for $9200?

9200-CHS-PV-i-12-X

(17.88%)

What discount would offer a buyer of this CD a yield of 16.5%?

72,000 @10.25% @700/mo, 8yr balloon?

72000-CHS-PV-10.25-g-i-700-PMT-8-g-n=FV

(59,435.52)

16.5-g-i-PV

(-53207.38)

CHS-STO-1

72000-ENTER-RCL-1-DELTA% (triangle % key)

Discount is 26.10%

Good Luck!!

Rolfe