Re: Calculator Problem

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Posted by Abel on December 17, 2002 at 16:33:45:

In Reply to: Re: Calculator Problem posted by John Behle on December 17, 2002 at 13:06:11:

Thanks John,
I meant to give as an example of my lending or taking back a note with a face value of $25,000 @ 11% payable at $818.47 for 36 months. To make it more appealing to me to carry the note, the payor has agreed to prepay the first 3 months, so in essence, I would not be loaning $25,000, but $22544.60. How would I put these figures in my calculator to detemine the actual yield.

Thanks,
Abel

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