Declining-Balance Depreciation; Modified Internal Rate Of Return; Advance Payments - HP 12c User Manual

190 Appendix D: Formulas Used
Program for partial year:
⎛
L
=
⎜
DPN
1
⎝
SOYD
⎛
LADJ
⎜
=
DPN
⎜
j
SOYD
⎝
=
LADJ
where

Declining-Balance Depreciation

Keyboard function:
=
DPN RBV
−
j j
Program for partial first year:
= ⋅
DPN SBV
1
=
DPN RBV
−
j j

Modified Internal Rate of Return

n = number of compounding periods.
NFV = Net future value of the positive cash flows.
P
NPV = Net present value of the negative cash flows.
N
⎡
⎛
⎢
⎜
=
MIRR 100
⎢
⎜
⎝
⎢
⎣

Advance Payments

A = number of payments made in advance.
PV
=
PMT
⎡
−
1 1 (
⎢
⎢
⎣
File name: hp 12c_user's guide_English_HDPMBF12E44
Printered Date: 2005/7/29
⎛ ⎞
⎞
Y
⋅ ⎟ ⋅ ⎟ −
⎜ 1
( SBV SAL )
⎠ ⎝ ⎠
12
⎞
− +
j 2
⋅ ⎟ ⎟
− −
( SBV D SAL
1
⎠
LADJ
⎛ ⎞
Y
−
⎜ 1 ⎟
L
⎝ ⎠
12
FACT
⋅
for j = 1, 2, ..., L
1
100 L
Y
FACT
⋅ 1
100 L 12
FACT
⋅
≠
for j 1
1
100 L
⎤
1
⎞
⎥
NFV
n
⎟
−
P
1
⎥
⎟
−
NPV
⎠
⎥
N
⎦
−
− + n
FV 1 ( i )
− − ⎤
( n A )
+
i )
+
A ⎥
i ⎥
⎦
)
≠
for j 1
Page: 190 of 209
Dimension: 14.8 cm x 21 cm