HP HP-15C - Page 45

Section 1: Using
Example: An investor pays $80,000 for a duplex that he intends
to sell after 7 years. He must spend some money the first year for
repairs. At the end of the seventh year the duplex is sold for
$91,000. Will he achieve a desired 9% after-tax yield with the
following after-tax cash flows?
91,000
8000 8000
6500 A 75007500
t I I t t
1 J 2 345
-600
-80,000
Keystrokes
[T|[FIX|2
80000 rCHSirSTOl
6500|STO|rcl
2[STO][C]
|STO|[cl
9
s
Display
5.00
2
2.00
2.00
2.00
-80,000.00
1.00
-600.00
1.00
6,500.00
1.00
8,000.00
2.00
7,500.00
2.00
91,000.00
1.00
9
-4,108.06
Run mode.
Reserve registers R0
through R5.
Initial investment.
Enters assumed yield.
NPV.