HP (Hewlett-Packard) Calculator HP 12C Financial Calculator User Manual

4.7

Out of 3 Ratings

Owner's of the HP (Hewlett-Packard) Calculator HP 12C Financial Calculator gave it a score of 4.7 out of 5. Here's how the scores stacked up:

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    5.0 out of 5

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    3.5 out of 5
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162 Section 12: Real Estate and Lending
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
Keystrokes
(RPN mode)
Keystrokes
(ALG mode)
Display
P
P
2,096.57
Payment received
(calculated).
:n
:n
252.00
Recall number of
periods.
42
-n
-
42
n
210.00
Number of periods left
after mortgage is
bought (into n).
250000
Þ$
250000
Þ$
–250,000.00
Input price of mortgage
(into PV; negative to
indicate money paid
out).
¼
¼
0.60
Yield per month
(calculated).
12
§
§
12
³
7.20
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)
Keystrokes
(ALG mode)
Display
f]
f[
gÂ
f
CLEAR
G
21
gA
gÂ
f
CLEAR
G
21
gA
252.00
Input the number of
periods (into n).
6
gC
6
gC
0.50
Monthly interest rate
(into PV).
300000
Þ$
300000
Þ$
–300,000.00
Mortgage amount (into
PV).
P
P
2,096.57
Payment (calculated).

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