HP 12C Platinum Owner's Handbook Manual page 45
And problem-solving guide
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Also See for 12C Platinum:
- User manual (288 pages) ,
- Reference manual (168 pages) ,
- Solutions handbook (166 pages)
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Keystrokes(RPN mode)
fCLEARG
4gA
15gC
150ÞP
gÂ
$
1500+
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
fCLEARG
5n
12¼
17500P
540000M
gÂ
$
Section 3: Basic Financial Functions
Display
Calculates and stores n.
48.00
Calculates and stores i.
1.25
Stores PMT (with minus sign for
–150.00
cash paid out).
Sets payment mode to End.
–150.00
Maximum amount of loan.
5,389.72
Maximum purchase price.
6,889.72
Display
Stores n.
5.00
Stores i.
12.00
Stores PMT. Unlike in the
17,500.00
previous problem, here PMT
is positive since it represents
cash received.
Stores FV.
540,000.00
Sets payment mode to End.
540,000.00
The maximum purchase price
–369,494.09
to provide a 12% annual
yield. PV is displayed with a
minus sign since it represents
cash paid out.
47
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