HP 12C Platinum User Manual page 164

164 Section 12: Real Estate and Lending
Keystrokes Keystrokes
(RPN mode) (ALG mode)
P P
:n :n
42-n
-42n
250000Þ$ 250000Þ$
¼ ¼
12§
§12³
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 Keystrokes
(RPN mode) (ALG mode)
f] f[
g gÂ
fCLEARG fCLEARG
21gA 21gA
6gC 6gC
300000Þ$ 300000Þ$
P P
Display
money paid out).
Payment received
2,096.57
(calculated).
Recall number of
252.00
periods.
Number of periods left
210.00
after mortgage is
bought (into n).
Input price of mortgage
–250,000.00
(into PV; negative to
indicate money paid
out).
Yield per month
0.60
(calculated).
Percent annual yield.
7.20
Display
Input the number of
periods (into n).
252.00
Monthly interest rate
0.50
(into PV).
Mortgage amount (into
–300,000.00
PV).
Payment (calculated).
2,096.57