Ok, here’s an example… - Posted by Carey_PA
Posted by Carey_PA on October 29, 1998 at 16:42:55:
straight from Lonnie’s DOW book on pg. 10.
I bought a mh for $2500.
I sold it for $5,000 with $500 cash down.
So, I’m taking back a note for $4,500 for 30 months at 12.75% interest, monthly payments of $175.96.
Question #1, what’s my yield?
Question #2, using the TI BA-35, how would I figure out the monthly payments or for how many months they would have to make the monthly payments for if I didn’t have that information? Let’s assume for this example everything is the same, $4,500 note, 12.75%, but the buyer wants to pay $150/month, how would I figure out how many months is appropriate?
Please, if you have time, when you respond use the keys that I should press on my calculator.
Thanks and I appreciate your time,