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:
  • Reliability

    5.0 out of 5
  • Durability

    5.0 out of 5
  • Maintenance

    5.0 out of 5
  • Performance

    5.0 out of 5
  • Ease of Use

    3.5 out of 5
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Section 13: Investment Analysis 193
File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 193 of 275
Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm
Example:
An investor has the following unconventional investment opportunity.
The cash flows are:
Group # of Months Cash Flow ($)
0 1 –180,000
1 5 100,000
2 5 –100,000
3 9 0
4 1 200,000
Calculate the MIRR using a safe rate of 6% and a reinvestment (risk) rate of 10%.
Keystrokes
(RPN mode)
Keystrokes
(ALG mode)
Display
f]
f[
f
CLEAR
H
f
CLEAR
H
0.00
0
gJ
0
gJ
0.00
First cash flow.
100000
gK
100000
gK
100,000.00
5
ga
5
ga
5.00
Second through sixth
cash flows.
0
gK
5
ga
0
gK
5
ga
5.00
Next five cash flows.
0
gK
9
ga
0
gK
9
ga
9.00
Next nine cash flows.
200000
gK
200000
gK
200,000.00
Last cash flow.
10
gCfl
10
gCfl
657,152.37
NPV of positive cash
flows.
Þ$
Þ$
-657,152.37
20
nM
20
nM
775,797.83
NFV of positive cash
flows.
180000
Þg
J
0
gK
5
g
a
100000
Þ
gK
5
ga
6
gCfl
180000
Þg
J
0
gK
5
g
a
100000
Þ
gK
5
ga
6
gCfl
-660,454.55
NPV of negative cash
flows.
20
20
0.81
Monthly MIRR
12
§
§12³
9.70
Annual MIRR.