HP 12c Platinum User Manual

58 Section 3: Basic Financial Functions
File name: HP 12c Pt Converted_user's guide_English_HDP0F123E02_080207 Page: 11 of 281
Printed Date: { 2007/8/2Dimension: 14.8 cm x 21 cm
Example 2:
A development company would like to purchase a group of
condominiums with an annual net cash flow of $17,500. The expected holding
period is 5 years, and the estimated selling price at that time is $540,000.
Calculate the maximum amount the company can pay for the condominiums in
order to realize at least a 12% annual yield.
Keystrokes Display
f
CLEAR
G
5
n
5.00
Stores n.
12
¼
12.00
Stores i.
17500
P
17,500.00
Stores PMT. Unlike in the previous
problem, here PMT is positive
since it represents cash received.
540000
M
540,000.00
Stores FV.
gÂ
540,000.00
Sets payment mode to End.
$
–369,494.09
The maximum purchase price to
provide a 12% annual yield. PV
is displayed with a minus sign
since it represents cash paid out.

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