Victor Technology V12 Benutzerhandbuch

when some of the cash flows are repetitive and consecutive.  In these 
situations, the  Nj  key is invoked by entering the number of repeat cash flows 
followed by 

.

r

 

  Nj .   For example, if a cash flow of $1000 occurs 5 times in a 

row, the entries would be 5000  CHS   r   CFj   5   r   Nj . 
 
Example:  A landlord buys and rents a building to a tenant for 8 years.  The 
landlord pays $500,000 for the building and rents the building for a net cash 
flow of $60,000 for the first year, $100,000 per year for 3 years and $120,000 
per year for the next 4 years.  In the 9

th

 year, the landlord expects to sell the 

property for $400,000.  The landlord’s desired rate of return is 15% per year.  
What is the NPV of this investment? 

 

ENTRIES (RPN) 

DISPLAY 

.

b

 

    REG 

0.00 
Clears the storage and financial registers. 

500000  CHS    r   CFo 

-500,000.00 
Displays -$500,000 as the initial cash flow. 

60000   r   CFj 

60,000.00 
Displays $60,000 as the year 1 cash flow. 

100000   r   CFj 

100,000.00 
Displays $100,000 as the year 2 cash flow. 

3    r   Nj 

3.00 
Displays the number of consecutive times the 
$100,000 cash flow will occur. 

120000   r   CFj 

120,000.00 
Displays $120,000 as the year 5 cash flow. 

4    r   Nj 

4.00 
Displays the number of consecutive times the 
$120,000 cash flow will occur. 

400000   r   CFj 

400,000.00 
Displays $400,000 as the final cash flow amount 

15   i

.

     

15.00 
Displays the 15% desired rate of return 

RCL  n

.

   

4.00 
Displays the number of unique cash flow amounts 
entered