HP 12c Platinum User Manual

164 Section 12: Real Estate and Lending
File name: HP 12c Pt Converted_user's guide_English_HDP0F123E02_080207 Page: 170 of 281
Printed Date: { 2007/8/2Dimension: 14.8 cm x 21 cm
Keystrokes
(RPN mode)
Keystrokes
(ALG mode)
Display
money paid out).
P P
2,096.57
Payment received
(calculated).
:n :n
252.00
Recall number of
periods.
42
-n -
42
n
210.00
Number of periods left
after mortgage is
bought (into n).
250000
Þ$
250000
Þ$
–250,000.00
Input price of mortgage
(into PV; negative to
indicate money paid
out).
¼ ¼
0.60
Yield per month
(calculated).
12
§ §
12
³
7.20
Percent annual yield.
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)
Keystrokes
(ALG mode)
Display
f] f[
gÂ
f
CLEAR
G
21
gA
gÂ
f
CLEAR
G
21
gA
252.00
Input the number of
periods (into n).
6
gC
6
gC
0.50
Monthly interest rate
(into PV).
300000
Þ$
300000
Þ$
–300,000.00
Mortgage amount (into
PV).
P P
2,096.57
Payment (calculated).

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