HP 10bII - Page 99

8: Additional Examples 99
Example. <RXFXUUHQWO\KDYHLQDQDFFRXQWDW'UHDP:RUOG
,QYHVWPHQWVWKDWHDUQVDQQXDOLQWHUHVWFRPSRXQGHGFRQWLQXRXVO\
$WWKHHQGRIHDFKPRQWK\RXGHSRVLWLQWKHDFFRXQW:KDWZLOO
WKHEDODQFHEHDIWHU\HDUV"
6HWWR(QG0RGH3UHVV
*O LIBEGINDQQXQFLDWRULVGLVSOD\HG
Yield of a Discounted (or Premium) Mortgage
7KHDQQXDO\LHOGRIDPRUWJDJHERXJKWDWDGLVFRXQWRUSUHPLXPFDQEH
FDOFXODWHGJLYHQWKHRULJLQDOPRUWJDJHDPRXQW39LQWHUHVWUDWH,<5
SHULRGLFSD\PHQW307EDOORRQSD\PHQWDPRXQW)9DQGWKHSULFH
SDLGIRUWKHPRUWJDJHQHZ39
5HPHPEHUWKHFDVKIORZVLJQFRQYHQWLRQPRQH\SDLGRXWLVQHJDWLYH
PRQH\UHFHLYHGLVSRVLWLYH
Keys: Display: Description:

0.18
'LYLGHVQRPLQDOUDWH
E\
*
1.20
5DLVHVHWRSRZHU
"
19.72
&DOFXODWHVDQQXDO
HIIHFWLYHUDWH
*Z
19.72
6WRUHVHIIHFWLYHUDWH
*b
12.00
6HWVSD\PHQWVSHU\HDU
*
18.14
&DOFXODWHVDQQXDO
QRPLQDOUDWHIRUD
PRQWKO\SD\PHQW
SHULRG
*U
180.00
6WRUHVQXPEHURIPRQWKV
(2
–250.00
6WRUHVUHJXODUSD\PHQW
(
–4,572.80
6WRUHVFXUUHQWEDODQFHDVD
QHJDWLYHYDOXHOLNHDQ
LQLWLDOLQYHVWPHQW
/
297,640.27
&DOFXODWHVDFFRXQW
EDODQFHDIWHU\HDUVRI
SD\PHQWVZLWK
LQWHUHVWFRPSRXQGHG
FRQWLQXRXVO\
10B.book Page 99 Wednesday, June 21, 2000 5:19 PM