Texas Instruments BA Real Estate - Annual Percentage Rate Considering Points and Fees

Other Financial Tools 75
BEAR-CH3.DOC BA Real Estate Guidebook Bob Fedorisko Revised: 08/29/96 9:19 AM Printed: 09/28/99 1:21 PM
Page 75 of 20
Annual Percentage Rate Considering Points and Fees
1. Clear TVM values (if not already
cleared).
#
-
2. Enter term of loan (in years).
30
0
3. Enter loan amount.
$125,000
2
4. Start APR.
N
5. Enter interest rate.
8
j
6. Enter number of points.
2
j
7. Enter total fees.
$2,000
8. View actual annual percentage rate.
j
8.39%