Texas Instruments BA Real Estate - Yield of a Discounted Mortgage

Prepared for ________________________________ By _________________________ Date ____________
Copyright © 1993, 1996 by Texas Instruments Incorporated.
35
BA Real Estate™ Worksheet
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Yield of a Discounted Mortgage
1. Clear TVM values (if not already cleared).
# -
2. Enter original term of loan (in years).
0
3. Enter interest rate.
1
4. Enter face value of mortgage loan.
2
5. Compute payment amount.
$ 3
6. Enter discounted purchase price.
2
7. Enter number of payments already made
and store in memory.
__
O
__
j T g
8. Calculate number of payments
remaining, and store as N.
] # * X ] g j
# *
9. Compute annual yield for remaining term.
$ 1