HP 12c Platinum Reference Guide

Real Estate 11
12c platinum / 12C
RPN Keystrokes
12c platinum
ALG Keystrokes
Display Comments
gK99ga
~gK
~ga
~gK
2ga
99ga
~gK
~ga
~gK
2ga
The above cash flow
occurs 200 times.
gFgK
1681.71gK
1,681.71
Next cash flow
received by lender.
39ga 39ga
39.00
Cash flow occurs 39
times.
~129963.35+ ~+129963.35
gK gK
131,645.06
Final cash flow.
fL12§ fL§12³
11.84
Rate of return to
lender.
If you, as a lender, know the yield on the entire transaction, and you wish to obtain the
payment amount on the wrap-around mortgage to achieve this yield, use the following
procedure. Once the monthly payment is known, the borrower's periodic interest rate may
also be determined.
1.
Press the g and press fCLEARG.
2.
Key in the remaining periods of the original mortgage and press n.
3.
Key in the desired annual yield and press gC.
4. Key in the monthly payment to be made by the lender on the original mortgage and
press ÞP.
5.
Press $.
6.
RPN: Key in the net amount of cash advanced and press +Þ$.
6.
ALG: Press +, key in the net amount of cash advanced and press ³Þ$.
7.
Key in the total term of the wrap-around mortgage and press n.
8.
If a balloon payment exists, key it in and press M.
9.
Press P to obtain the payment amount necessary to achieve the desired yield.
10.
Key in the amount of the wrap-around mortgage and press Þ$¼ to obtain the
borrower's periodic interest rate.
Example 3: Your firm has determined that the yield on a wrap-around mortgage should
be 12% annually. In the previous example, what monthly payment must be received to
achieve this yield on a $200,000 wrap-around? What interest rate is the borrower paying?

HP 12c Platinum Specifications

General

Digits	10 digits
Battery type	CR2032
Type	Financial
Form factor	Pocket

Weight and Dimensions

Weight	110 g
Dimensions (WxDxH)	79 x 129 x 15 mm