HP 12C User Manual page 162

162 Section 12: Real Estate and Lending
Keystrokes
(RPN mode)
P
:n
42-n
250000Þ$ 250000Þ$
¼
12§
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)
f]
gÂ
fCLEARG
21gA
6gC
300000Þ$ 300000Þ$
P
File name: hp 12c pt_user's guide_English_HDPMF123E27
Printed Date: 2005/8/1
Keystrokes
Display
(ALG mode)
P
2,096.57
:n
252.00
-42n
210.00
–250,000.00
¼
0.60
§12³ 7.20
Keystrokes
Display
(ALG mode)
f[
gÂ
fCLEARG
252.00
21gA
0.50
6gC
–300,000.00
P
2,096.57
Page: 162 of 275
Dimension: 14.8 cm x 21 cm
Payment received
(calculated).
Recall number of
periods.
Number of periods left
after mortgage is
bought (into n).
Input price of mortgage
(into PV; negative to
indicate money paid
out).
Yield per month
(calculated).
Percent annual yield.
Input the number of
periods (into n).
Monthly interest rate
(into PV).
Mortgage amount (into
PV).
Payment (calculated).