HP HP12C hp 12c_user's guide_English_E_HDPMBF12E44.pdf - Page 129
HP HP12C - 12c Financial Calculator Manual
UPC - 882780792104
View all HP HP12C manuals
Add to My Manuals
Save this manual to your list of manuals |
Page 129 highlights
Section 12: Real Estate and Lending 129 Keystrokes 79000Þ$ ¼ 12§ Display -79,000.00 0.97 11.68 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 g fCLEARG 21gA 9gC 100000Þ$ P Display 252.00 Input the number of periods (into n). 0.75 Monthly interest rate (into PV). -100,000.00 Mortgage amount (into PV). 884.58 Payment (calculated). Calculate the remaining balance of the loan after five years. 5gA 60.00 Number of periods to be amortized. M 89,849.34 Remaining balance of the loan after five years. :n 60.00 42-n 18.00 New life of loan. 79000Þ$¼ 1.77 Percent monthly yield. (calculated). 12§ 21.29 Percent annual yield. File name: hp 12c_user's guide_English_HDPMBF12E44 Printered Date: 2005/7/29 Page: 129 of 209 Dimension: 14.8 cm x 21 cm