HP F2231AA User Guide - Page 162
Real Estate and Lending
UPC - 088698000120
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162 Section 12: Real Estate and Lending Keystrokes (RPN mode) P Keystrokes (ALG mode) P Display 2,096.57 :n :n 252.00 42-n -42n 210.00 250000Þ$ 250000Þ$ -250,000.00 ¼ 12§ ¼ §12³ 0.60 7.20 Payment received (calculated). Recall number of periods. Number of periods left after mortgage is bought (into n). Input price of mortgage (into PV; negative to indicate money paid out). Yield per month (calculated). Percent annual yield. Example 2: Using the same information given in example 1, calculate the annual yield if the loan is to be paid in full at the end of the fifth year (from original issuance). (In this case both the payment amount and the balloon must be calculated since they are not given.) Keystrokes (RPN mode) f] g fCLEARG 21gA 6gC Keystrokes (ALG mode) f[ g fCLEARG 21gA 6gC Display 252.00 0.50 300000Þ$ 300000Þ$ -300,000.00 P P 2,096.57 Input the number of periods (into n). Monthly interest rate (into PV). Mortgage amount (into PV). Payment (calculated). File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 162 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm