HP 12C User Manual page 158

158 Section 12: Real Estate and Lending
Example 2: Using the same information as given in example 1, calculate the
APR if the mortgage fee is $750 instead of a percentage.
Keystrokes
(RPN mode)
f]
gÂ
fCLEARG
30gA
5.5gC
160000$
P
:$750-
$
¼
12§
Example 3: Again using the information given in example 1, what is the APR if
the mortgage fee is stated as 2 points plus $750 ?
Keystrokes
(RPN mode)
f]
gÂ
fCLEARG
30gA
5.5gC
160000$
P
:$2b-
750-$
File name: hp 12c pt_user's guide_English_HDPMF123E27
Printed Date: 2005/8/1
Keystrokes
Display
(ALG mode)
f[
gÂ
fCLEARG
360.00
30gA
0.46
5.5gC
160,000.00
160000$
P
–908.46
:$-750
159,250.00
$
¼
0.46
5.54
§12³
Keystrokes
Display
(ALG mode)
f[
gÂ
fCLEARG
360.00
30gA
0.46
5.5gC
160,000.00
160000$
P
–908.46
:$-2b
156,050.00
-750$
Page: 158 of 275
Dimension: 14.8 cm x 21 cm
Months (into n)
Percent monthly interest
rate (into i).
Loan amount (into PV).
Monthly payment
(calculated).
Effective mortgage
amount (into PV).
Monthly interest rate
(calculated).
Annual percentage rate.
Months (into n)
Percent monthly interest
rate (into i).
Loan amount (into PV).
Monthly payment
(calculated).
Effective mortgage
amount (into PV).