HP 12c User Manual page 129

Keystrokes
79000Þ$
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
gÂ
fCLEARG
21gA
9gC
100000Þ$
P
Calculate the remaining balance of the loan after five years.
5gA
M
:n
42-n
79000Þ$¼
12§
File name: hp 12c_user's guide_English_HDPMBF12E44
Printered Date: 2005/7/29
Section 12: Real Estate and Lending
Display
–79,000.00
Input price of mortgage (into PV;
negative to indicate money paid
out).
0.97
Yield per month (calculated).
11.68
Percent annual yield.
Display
252.00
Input the number of periods (into
n).
0.75
Monthly interest rate (into PV).
–100,000.00
Mortgage amount (into PV).
884.58
Payment (calculated).
60.00
Number of periods to be
amortized.
89,849.34
Remaining balance of the loan
after five years.
60.00
18.00
New life of loan.
1.77
Percent monthly yield. (calculated).
21.29
Percent annual yield.
Page: 129 of 209
Dimension: 14.8 cm x 21 cm
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