HP 113394 User Guide - Page 158
Example 2, Keystrokes, RPN mode, ALG mode, Display, Example 3
UPC - 808736340502
View all HP 113394 manuals
Add to My Manuals
Save this manual to your list of manuals |
Page 158 highlights
158 Section 12: Real Estate and Lending Example 2: Using the same information as given in example 1, calculate the APR if the mortgage fee is $750 instead of a percentage. Keystrokes (RPN mode) f] g fCLEARG 30gA 5.5gC 160000$ P :$750$ ¼ 12§ Keystrokes (ALG mode) f[ g fCLEARG 30gA 5.5gC 160000$ P :$-750 $ ¼ §12³ Display 360.00 Months (into n) 0.46 Percent monthly interest rate (into i). 160,000.00 Loan amount (into PV). -908.46 Monthly payment (calculated). Effective mortgage 159,250.00 amount (into PV). 0.46 Monthly interest rate (calculated). 5.54 Annual percentage rate. Example 3: Again using the information given in example 1, what is the APR if the mortgage fee is stated as 2 points plus $750? Keystrokes (RPN mode) f] g fCLEARG 30gA 5.5gC 160000$ P :$2b750-$ Keystrokes (ALG mode) f[ g fCLEARG 30gA 5.5gC 160000$ P :$-2b -750$ Display 360.00 0.46 160,000.00 -908.46 156,050.00 Months (into n) Percent monthly interest rate (into i). Loan amount (into PV). Monthly payment (calculated). Effective mortgage amount (into PV). File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 158 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm