HP HP12C hp 12c_user's guide_English_E_HDPMBF12E44.pdf - Page 68

68 Section 4: Additional Financial Functions Example: The market is quoting 883/8% for the bond described in the preceding example. What yield will that provide? Keystrokes 3\8z 88+$ 6.75P 4.282004\ 6.042018 fS Display 0.38 88.38 6.75 4.28 6.042018 8.15 Calculates 3/8. Enters quoted price. Enters coupon rate. Enters settlement (purchase) date. Enters maturity (redemption) date. Bond yield. Depreciation Calculations The hp 12c enables you to calculate depreciation and the remaining depreciable value (book value minus salvage value) using the straight-line, sum-of-the-years-digits, and declining-balance methods. To do so with any of these methods: 1. Enter the original cost of the asset, using $. 2. Enter the salvage value of the asset, using M. If the salvage value is zero, press 0M. 3. Enter the expected useful life of the asset (in years), using n. 4. If the declining-balance method is being used, enter the declining-balance factor (as a percentage), using ¼. For example, 11/4 times the straight-line rate - 125 percent declining-balance - would be entered as 125¼. 5. Key in the number of the year for which depreciation is to be calculated. 6. Press: z fV for depreciation using the straight-line method. z fÝ for depreciation using the sum-of-the-years digits method. z f# for depreciation using the declining-balance method. V, Ý, and # each place the amount of depreciation in the display. To display the remaining depreciable value (the book value less the salvage value) after the depreciation has been calculated, press ~. File name: hp 12c_user's guide_English_HDPMBF12E44 Printered Date: 2005/7/29 Page: 68 of 209 Dimension: 14.8 cm x 21 cm